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Rent to own homes allows you to become a home owner with less money down. Depending on the terms it may even give you a rent credit that goes towards the actual purchase of the home.
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I am completing a apprenticeship can I rent a house at 16 and if so will I have to pay my own rent or will I get benefits for my rent?
It is unlikely that you can rent a dwelling at age 16 without a co-signer. You need to check the laws in your jurisdiction. If you have questions about your apprenticeship program benefits then you need to contact the director of the program.
What are some of the benefits for a buyer to take out a rent to own contract?
Benefits for a buy to take out a rent to own contract include not having to sell the home if one decides to move and being able to own the home if one actually decides to keep it with the rent going towards payments.
How do you rent out your own house?
You can rent out a room or part of the house, or you can rent the entire house. Either way you can run an ad or listing with a real estate or rental management office.
How does a rent to own for a house work?
It's pretty risky. When you move into a rent-to-own house, you generally pay an "option fee" of 1-2% of the house price. Then, if you rent the house for the term, you get the option to own it. Be aware, however that if you leave the house or violate the lease, you lose your option fee and the time invested, leaving you with no equity.
Do you rent a house or you own it?
I currently rent a house in Edmonds, WA. It fits my financial situation and is a lovely place to live.
What is the term for ground rent lease?
Ground rent lease means you own the house but someone else owns the actual property that the house sits on; therefore, you must pay the owner rent on that land. If you don't own the ground rent, you can purchase it.
If someone is in a rent to own agreement and files bankruptcy will i lose my house?
You will not lose your house unless there is a large amount of equity in it. You will need to reaffirm your rent to own agreement, however.
Can you rent a car or house under the rent for lease option?
In the case of a car, yes you can. Most car lots will allow you to rent to own a vehicle. In the case of a house, it depends on where you live. Most places do not offer a rent-to-own option. You either rent, or you own. However, things may be different in your area. Talk to a real estate agent.
Can you claim HRA if you get rent reimbursement from company?
No you cannot. You need to be paying your house rent from your pocket if you want to claim HRA tax benefits
What is cheaper a "rent to own" or actually buying a single family house?
Buying a single family home is going to be cheaper but you have to have cash in hand to put down on the house. Rent to own is nice because they will take a percentage of your rent and put it down on the property when you go to finance it into your name.
Do the Gosselins own a beach house?
no, but they do always rent one when vacationing in North Carolina
How do you house in Australia?
some people own some rent and some live out on the street.
