![]() ![]() ![]() ![]() ![]() ![]() |
||
| Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|
|||||||||||||||||||||||
| Mortgage Professor about lease option contract: | |||||||||||||||||||||||
|
Lease-to-Own House Purchases
20 September 2004, 3 October 2005 Postscript What Is a Lease-to-Own Purchase? A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 ... more... Can a Deadbeat Pay Cash? January 10, 2000 "Can we bypass a credit check by paying cash for a new house? My husband and I have very bad credit. Our house has a current value of $400,000 and our current mortgage balance is $250,000. We want to sell and buy a cheaper house by using our equity and ... more... |
|||||||||||||||||||||||
lease option contract related definitions |
|||||||||||||||||||||||
|
Lease With Option To Purchase
Lease With Option To Purchase A lease under which the lessee has the right to purchase the property. A Lease Purchase Agreement is usually two separate agreements between the parties: a Lease Agreement and a Purchase Agreement. The Lease Purchase shows a definite tenant's ... more... Land Contract Land Contract A contract selling arrangement whereby the buyer may use and occupy land, but no deed is given by seller until the sales price has been paid. Also commonly called a conditional sales contract, installment sales contract or real property sales contract, used ... more... |
|||||||||||||||||||||||
|
More about lease option contract Reducing Debt Through Lower Interest Loans Real Estate Terms From Condominiums to Deeds of Trust 10 Top Considerations For Those Buying Property Abroad Understanding Real Estate Terminology Guarantees are Legal Home Mortgages: How About Those 1.75% Loans? Eliminating Credit Card Debt Personal Loans Fulfilling The Personal Desires Whole Life Insurance - Whole Life Insurance Information For Sale by Owner - FSBO
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||