Confused about Lease Purchase Option : ezLandlordForms

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Confused about Lease Purchase Option

L

Lisa C

started a topic over 5 years ago

We are considering this an option for our home, however, after all the research on the internet (yes, It's Sunday and yes, we plan on consulting a real estate Atty), I still don't get how we get our equity out of our home. I get the downpayment or option payment. But the amount above the rent amount, does that go towards our equity? Secondly, does anyone know of a good screening/background check website? Thanks.

1 Comment

S

Scott H

said over 5 years ago

You get the equity out of the home when they exercise the purchase option.

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