Updated over 5 years ago on . Most recent reply
Rent to own - would a tenant put 2-5% down at lease signing?
Hello,
Would a tenant be willing to put 2-5% down towards the future purchase price at the time they sign their lease (with the option to buy), pay 10-15% higher than market rent to have that premium in rent applied towards the future purchase price, and agree to a purchase price that is 5-10% higher than what the house is worth at the time of lease signing?
Assume that the tenant wants to buy a home but does not have qualifying credit at the time they are entering the lease and/or the tenant needs additional time to save the necessary down payment - but the can afford the premium rent and 2-5% down payment.