Lease to Own Seller Benefits?
I had one potential tenant ask if they could lease to own (lease with option to purchase).
Never having done this, I read through several of the blog posts and message boards, but I am afraid I still don't understand the benefit to the seller.
It seems as if the option fee included in this type of lease must later be applied to the tenants down payment for the home, so no benefit there.
I guess if we agree on a price up front and the market tanks, that would be a benefit to me. But, honestly, I'm a buy and hold type so am not really interested in selling this short term unless the lease portion of the contract has some benefits.
What other benefits are there for the landlord/seller in a lease to own type contract?