Harder to evict rent to own tenants ?

[Darshan Patel]

I was taking with a lawyer about getting documents made for rent to own property. He pointed out something that was a concern for me. My original impression of rent to own was that it’s the same as regular rental, but with a buy date and additional funds being given as option fee. What he mentioned was that if I attempt to evict on a rent to own contract, it’s a different process and would take much longer. He mentioned if it’s regular rental, about 2 months for eviction in nj, give more take some factors; while rent to own could be up to 6 months or more. Did anyone aware of this risk, if so how do you mitigate the risk?

[Thomas S.]

The best approach is to have two separate contracts. One is a lease agreement to rent the property the second is the agreement to purchase. In most cases this will simplify the eviction process.