Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
Say you enter into a rent to own agreement with a tenant . The option price after all payments are made is $100k
Before they make all the payments , can the tenant put the house up for sale ? Paying you the $100k and walking away with any profits ? Owner would obviously have to sign at closing .
Just wondering if they are similar to land contracts in this way .