2006-07-27 04:09:19 · 6 answers · asked by patjjth 1 in Business & Finance ➔ Renting & Real Estate
Generally the owner will rent you the property and a small portion of your rent will be returned to you for a down payment if you decide to purchase the property. With all of the no money down and seller contributions that are available today it might be better to look into purchasing instead of rent to own. Good Luck.
2006-07-27 04:13:27 · answer #1 · answered by jimmy dean 3 · 6⤊ 0⤋
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2016-07-19 06:00:26 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You will have to look at the contract. Everyone has their own terms. It is usually when the owner allows you to pay rent until you reach the selling price. If you do not pay the total amount the home is still the owners. But like I said, ask to see the contract.
2006-07-27 04:13:10 · answer #3 · answered by dolphin2253 5 · 0⤊ 0⤋
Often a rent to own is just anouther way for the owner to charge more rent telling you that a portion goes towrds buying or the down payment to buy. There are often strick guidelines in the contact that if you break you forfeit all "extra" money given to the owner. Like paying rent one day late or somthing to that effect.
2006-07-27 05:18:01 · answer #4 · answered by TMat 1 · 0⤊ 0⤋
Rent To Own Home : http://RentToOwnHome.uzaev.com/?NZeP
2016-07-11 21:40:48 · answer #5 · answered by Edward 3 · 0⤊ 0⤋
It all depends on the individual contract between the 2 parties involved in the transaction and how it is written, agreed upon, etc. terms can vary so much.
2006-07-27 04:12:32 · answer #6 · answered by Scott and Amy 1 · 0⤊ 0⤋