No, if you buy a house, you do not have to pay rent. Instead, you make mortgage payments to the bank or lender who provided the loan for the house purchase.
This is a transaction whereby you first pay rent and if you decide to buy it, then the amount you paid in rent goes toward the purchase price. This is kind of like a mortgage but minus the initial down paymentA rent to buy scheme is where someone pretends to let you rent their house to buy, but they have no intention of actually allowing you to own it in the end.
To rent a house, you typically need to provide proof of income, pass a credit check, pay a security deposit, and sign a lease agreement.
One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.
Pay cash.
The only way to buy your father's house would to be to purchase it before he passes, after he has passed, you automatically inherit the house. Even if you purchase the house, you will still pay taxes.
yes you still have to pay rent.
Yes. He still owns it.
If you purchase a home you have to pay a mortgage which is a repayment of a loan you used to purchase the house. Paying rent is when you sighed a leasing agreement for an apartment you are renting.
Either you pay rent for the house or you don't pay rent because you do not have house. It can't be both the situations.
It depends on your location. In some places home prices are actually down right now, so if you can afford to buy then go for it. It's better to pay a mortgage towards something you'll own oneday than pay rent on a house that's not yours.
This is a transaction whereby you first pay rent and if you decide to buy it, then the amount you paid in rent goes toward the purchase price. This is kind of like a mortgage but minus the initial down paymentA rent to buy scheme is where someone pretends to let you rent their house to buy, but they have no intention of actually allowing you to own it in the end.
If your landlord is selling the house you have to continue paying the rent for it, whether to the old landlord or to the new one. Your old landlord will give you notice about when they have sold the property, and the new landlord will give you instructions on how to pay them the rent.
The only way to buy a house without having a loan is if you have enough money to pay for the house outright. Otherwise, the only other option would be to rent a house from someone rather than buy it.
i am not 100% about being able to buy a house, but you CAN keep your house if you already own 1,but you do have to pay any equity in the house to your liquidator.
No if you are evicted you do not live there anymore and there for don't have to pay rent.
it depends. I will pay the rent. in this sentence it is used as a nounI will rent the house. in this sentence, rent is used as a verb
If the landlord still has control over the property he can still collect rent-- and evict you if you don't pay.