What Is Lease Purchase Homes

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General definition. A "lease purchase (or lease option)" is the abbreviated form of the appropriate term "lease with option to purchase." Simply stated, a Lease 2 purchase contract combines a basic lease contract with an option to purchase contract, which creates a Lease 2 Purchase contract.

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Using a Lease Purchase to Buy Property – thebalancesmb.com – A lease purchase is a written agreement between a landlord and tenant giving the tenant an option to purchase the property at some future point in time. The nature of this type of real estate transaction can vary a great deal because virtually all the terms of a lease purchase are negotiable.

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Is Leasing With The Option to Buy A House A Good Idea? – Are lease-purchase homes a good idea? I recently heard of them, and I am wondering if that would be a good option for us. It all depends on the situation, how.

A lease purchase agreement is an alternate way to buy or sell a home. Lease purchases help buyers who are having difficulty qualifying for a mortgage, and they help sellers get a better price in a.

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