Is Lease Purchase a Good Investment Strategy?
|12/23/2016||Posted by BusinessMediaguide.Com under General World News||
Lease purchase and rent to own are essentially the same thing. Someone rents a home from the owner with an agreement that they CAN purchase it at a future date at a stated price or at a price based on an appraisal at the time. It is an OPTION to buy, not a requirement.
A lease purchase contract is executed at a stated monthly lease amount a time frame for the exercise of the purchase option, and the price to be paid if the tenant exercises their purchase option. What’s in it for the players?
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