Rent to own option - Equitable interest clause : ezLandlordForms

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Rent to own option - Equitable interest clause

J

Joseph B

started a topic over 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 over 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.

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