Can anyone please explain to me how a lease- to- own or lease with option to purchase works? Pls give me examples if possible because I'm dumb. I just want to understand the terms better so I can explain it to a tenant who is interested. How would that look like, what are the terms usually? How much downpayment? Is there interest? What happens after the term? Etc... or who can I talk to about this? Thanks in advance!
Look up "Wendy Patton" online for all you would need to know. Trying to explain it in this format is impossible. If you have any questions after that you can PM me.
One very important thing though, there is NO down payment involved.