answersLogoWhite

0

As a family looking for a new home, rent to lease provides an opportunity to perhaps invest in a home without actually having a mortgage loan. The homeowner would require the same information as renting, i.e. references, social security number, and monetary security to start the transaction. Once the lease has been signed, a portion of the rental payment can be applied to the purchase price of the house so when the rentor is ready, the lease can be converted into a mortgage.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Where can one find information about taking over a lease?

The best way to get information about taking over an apartment or house lease is to contact the owner of the property. He or she will be able to assist you in subletting the home. To take over an auto lease, the dealer that that issued the original agreement can provide you with the information needed.


Can you break a lease if you have mice in your home?

I would think it would depend on what your lease says. My lease specifically states that I am responsible for any pest problems, excluding wood-destroying insects (like termites).


How much do you put down on a lease to buy a home?

A lease does not buy a home.


I have a home for rent so I am looking for an online site where I can print a customized lease, any suggestions?

At www.rentingauthority.com, you'll find a form where you can enter the required information online, and it will print out a customized lease. Lease agreements are also available at www.rental-lease-agreement-form.com.


Can a 26-year-old be kicked out of his home in Maryland?

He can be evicted. He would be a defacto tenant, and would need to be evicted according to Maryland regulations on month to month tenancy if there is no lease. If there is a lease, and he is in violation, he would need to be evicted according to the requirements of Maryland and the terms of the lease.


Can your landord put up a home for sale sign without your consent?

It is his property. I doubt the lease has any restriction that would prevent it. He does not have to renew your agreement and he could actually sell the home subject to your current lease.


How do you lease a home to buy?

you put up a sign that says "for lease"


What information is needed before one can refinance their home?

There is much information needed before one can refinance one's home. One needs to know who will handle the refinancing and what one will do with the additional savings.


What is a leased to own a home?

"Lease to own", Is when you lease a house with the intention to buy it for a discounted price after the lease is over.


Search on death in a home?

What EXACTLY are you asking? More information needed.


What audio cables might I need to watch a home movie on my tv?

I found that www.Real.com provided me with sufficient information that I needed to learn which cables would be needed in order to view video on my tv. With the information gathered here, I think it would be quiet easy to view the video using my tv.


In Arkansas what are the rules governing the owner of a home showing it to potential buyers before the lease is up. There are 5 months remaining in the lease. The resident was only give a 12 hr notice?

Check the language in your lease to see if showing the home is permissible and how much notice must be given. If that issue is not addressed in your lease then check with your town offices to see if there is a tenant/landlord complaint office where you could obtain information.