Updated over 6 years ago on . Most recent reply
rent to purchase option
I have been trying to sell my rental condo and have been proposed a rent to own arrangement. The tenant/buyer would put down a non refundable deposit of about 20K and then rent the condo for 16 months and then have the option to exercise the purchase of the property or forfeit the 20K deposit. Just wondering if anyone has experience with this type of deal. Thanks.