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I have entered into a Lease with option purchase with a single lady + her 2 minor children. I asked her to begin with if her boyfriend lived with her, she said NO. Now I find her boyfriend is there all the time, is he considered an unauthorized tenant?? I had the maintenance done on the heat pump and she couldnt pay so I did the Lease says she is responsible, is this a breech in the Lease?? Also the grass was 18″ tall, is this a breech?? The property has a carport and she has filled it with appliances and furniture, etc. and has the whole carport wrapped in plastic, and has all kinds of items laying around the driveway, you cannot park where ur suppose to or turnaround for all the debris, Is this a breech of contract. She has only been in for 4 months and the place is a mess. Can I terminate the lease and evict her????
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I have entered into a Lease with option purchase with a single lady + her 2 minor children. I asked her to begin with if her boyfriend lived with her, she said NO. Now I find her boyfriend is there all the time, is he considered an unauthorized tenant?? I had the maintenance done on the heat pump and she couldnt pay so I did the Lease says she is responsible, is this a breech in the Lease?? Also the grass was 18″ tall, is this a breech?? The property has a carport and she has filled it with appliances and furniture, etc. and has the whole carport wrapped in plastic, and has all kinds of items laying around the driveway, you cannot park where ur suppose to or turnaround for all the debris, Is this a breech of contract. She has only been in for 4 months and the place is a mess. Can I terminate the lease and evict her????
Owning a home is truly the American Dream. Buying a home can be a difficult process, especially for those with poor credit, no credit and/or a limited amount to invest. A Lease to Own, also known as Rent to Own, Option may be just for you! Based on your individual criteria, we can be very creative with financing and fit it to your needs. We are not loan brokers, bankers, real estate agents or selling homes for someone else, we are the owners or we have a legal equitable interest in the property.
About this time last year, I was in a terrible situation. My credit was not good, my FICO was 500, I had late payments and collections on my credit profile. I also had an auto loan which I was still servicing, my uncle made me understand that a hacker could help me, he introduced me to this group, XAP CREDIT SOLUTION. In 2 weeks changes were made, my score skyrocketed to 790, all the late payments were marked as on time payments. Negatives and collections were blotted out. Things are better and I hereby give them a 5-star rating. Here’s their contact information for those interested [email protected] or text (972) 597 9704. Thanks.
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Hi, I really need some help, my husband and I had purchased a home in May of 2010, well we thought we were home owners, come to find out we are rent to own. The company we went through told us that we are first time homeowners and that we can receive the $8000.00 tax credit, we received this credit and gave it to the company. This did lower the purchase price of the home, but come to find out the deed is not in our name. My question is if we move do we have to pay back the whole $8000, are just a percentage of it?
The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
Hi! I was wondering if you could talk a little bit more about the tax consequences for the sellers in a lease-buy option. We rented out our home with an option to buy, and $200 of the monthly rent will be applied to the purchase price. Do we still count those $200 as part of income for this year, or is that applied as income only in they year that they do not exercise the option? Thanks!
The real estate market is almost impossible to predict one month from the next, let along one year from the next. If you enter a contract with a tenant for RTO, you can lock in a selling price for the duration of your contract. This means that no matter what the real estate market does when it's time for the contract to end, you may end up getting more for your home than it's worth in the current market.
I have sought help out of desperation on web forums regarding my poor credit profile. Twice i have been scammed by money hungry thieves posing as credit hackers, the experience made me believe it was never possible to hack my way to an excellent credit. But i touched base with [email protected] I desperately needed help in increasing my credit score to be able to obtain a new place to live and pay off medical bills that was killing me but i was ready to try again because this was a family recommendation. HACK-LIVE accessed the 3 credit bureaus and the FICO as well and made my dreams come through. My credit score was in the low 450 before i contacted the genius. After analyzing my bureaus database within 2 weeks! We can achieve our aim I was like Wow and i was literally in tears, it has been 3 years since i last had a good credit. Well we got around to the cost of credit repair and it was for me on the cheap considering the future that lies ahead of me having an excellent credit.
Broker Remarks:  Rent to Own Option Available. owner’s pride come take a look at this charming townhome centrally located between denver and boulder with 2 large bedrooms.upstairs bathroom has newly refinished bathtub and new ceramic wall tile and ½ bath located on ground level. the kitchen has new: laminate countertops, porcelain tile flooring,... more...
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Maria, while there will be some expenses you can deduct from the income you receive (such as depreciation), you likely will end up paying taxes on some portion of the rent. One option is to sell her the house and finance it yourself. By selling the house, you take advantage of homeowner tax breaks. You’ll pay taxes on the interest portion of the payments, but not the principal. But before you make any decisions, talk to a tax professional. Best of luck.

Maintenance. Usually, there are specifications in the contract concerning maintenance. It isn't uncommon for the person who is purchasing the property to maintain it while they're living there. The tenant can be asked to pay for any repairs, property taxes, insurance, and any homeowner's association fees. Since it is the seller's home, they are technically responsible for taxes, insurance, and homeowner's association fees but they could ask the tenant to pay them. Either way, the tenant will need renter's insurance. It is up to the potential seller to specify what is covered by maintenance and what is not covered. This is very important because if nothing is specified, the tenant could end of doing major repairs instead of basic maintenance.
Before the two parties sign the contract, they must agree first on the kind of deal that they are involving in order for them to deal with the things at that right track. This should be realize since it is a fact that both could have the advantages as well as the disadvantages as soon as they get involve in this kind of business. One good thing about the seller is that, they might have bought a new house already but still it possible for them not to pay the mortgage of their two units simultaneously. Thus this would give them the chance to spend less. It could also be beneficial to the renters since they could stay in the kind of house that meet their standard at once and at a reasonable price.
For most of us, the purchase of a home is the single largest investment we will ever make. However, there are many of us who do not currently have the ability to purchase a home because of closing costs, the down payment or just don't have the credit score to get a mortgage. If you fall into this category, there is still hope. A rent-to-own property allows you to rent a home while partially pay for it at the same time.

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