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As always with contracts, the answer is a bit of yes and no. If you have a verbal agreement, it is a contract and is enforceable under many circumstances. However, it is EXTREMELY unusual not to have a written contract detailing the terms of a rent-to-own agreement. The agreement should describe how ownership will transfer throughout the agreement (a bit at a time as partners or all at once at the end) and it should specify when title transfers completely.
What else can I help you with?
In the state of Texas what is the legal age to rent an apartment?
When you rent an apartment you have to sign a contract whatever is the legal age to sign a contract is what you are looking for
How can you scan homes for rent to own to make sure theyre not scams?
Any rent-to-own deal is risky. If you are late on a payment or violate any part of the lease contract, the lease-to-own company can void the contract and keep all monies and equity paid. Usually, a large upfront fee is paid when the rent-to-own contract is executed. They walk away with the money and the property and just execute another rent-to-own lease with someone else.
is there a homes in my location that is willin to do rent to own?
you can get the information about homes in your location that is willin to do rent to own from www.jscinvestments.com website
What should I know about rent to own homes before signing the documents?
Rent to own home come with some stipulations. The contract should be read thouroughly to make sure all terms are agreed upon before signing.
Where can I find good rent to own home in boston?
one place to look is www.irenttoown.com/rent-to-own-boston-rent-to-own-homes
Does "Homes for lease" mean the same as "Homes for rent"?
Homes to rent and homes to lease are very similar. Homes to rent you rent them for a week, a month or whatever you agree on withyour landlord. Homes for lease is pretty much the same but some lease to own has an option to buy the place you are renting.
Are there any homes near Penn State that are rent to own?
Yes, there are many homes near Penn State that are rent to own. You can get a list of them at www.rentals.com/Pennsylvania/ or pennstatelehighvalley.irenttoown.com/
How easy is it to find a rent-to-own home?
Rent to own homes persist in every local city and suburbs.
Where can I find a rent to own home in miami?
For a list of rent to own homes in Miama FL you can visit www.irentoown.com.
Where can I find a rent to own home in Dallas, Texas?
There are several online listing for rent to own homes in dallas. Local realtor companies will also offer rent to own homes or mortgage plans that can fit a rentors budget so they can own the home.
Who do I talk to about rent to own homes?
Your best bet for rent-to-own homes is talking to homeowners who are selling. Even those who are not advertising rent-to-own may agree to it if you ask them. If they are having a hard time finding a renter, and are also trying to sell the home, they will most likely be willing to do rent-to-own.
Where can I find rent to own homes in the Orlando area?
Go here: http://www.rent2buyamerica.com/Orlando/Homes/Rent/Orlando-Homes-for-Rent/tabid/374/Orlando-Homes-for-Rent.aspx - then enter your search parameters in the box on the left.
