Rent to own option - Equitable interest clause : ezLandlordForms

Start a new topic

Rent to own option - Equitable interest clause

J

Joseph B

started a topic almost 12 years ago

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

k

Karen S

said almost 12 years ago

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