Start a new topic

Rent to own option - Equitable interest clause

I read the Lease option contract for my state.  It has the "No Equitable Interest" Clause on page 2,  which I know is important to have in the contract.  However, it reads that no deposit monies or no portion of the rent will go towards eventual purchase.  I don't understand. I thought that was one of the attractions (future credit) of rent to own?
1 Comment

Some rent to own agreements just cover the basics. IE the tenant agrees to purchase the rental at this price, by this time frame.
Login to post a comment