Hi Rob my question is who is responsible in paying the taxes and Insurance on a rent to own house the tanent or the owner?. I made the contract with the actual owner and I am looking to learn regard the law and regulations in regard a rent to own process for the state of Florida Thanks again Rob for your Wonderful knowlegde and wizdom I really appreciate it.
The lease option fee is the cost of the option to purchase the home. The option lasts for the length of the rental term, typically. In other words, if the rental term is three years, the option gives you the right, but not the obligation, to purchase the home anytime during those three years. When you negotiate the option fee, keep three key factors in mind:
Broker Remarks: Rent to Own Option Available. beautifully remodeled townhome!!!! don't miss the opportunity to own this beautiful 2 bedrooms 2.25 bathroom townhouse located in a highly desirable cherry creek school district. you are surrounded by a city lover's dream of shopping, dining, parks, and entertainment. this lovely home is also conven... more...
The costs of RTO, straight renting, or purchasing a home depends largely on several factors. You should carefully consider all of them before you make your final decision, as you could end up accidentally locking yourself into a contract that costs you thousands more than other options. If you're not sure if renting, RTO, or purchasing a property is right for you, use this tool to check the costs.
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Thanks for this article. It has helped me as a potential tenant who wants to propose a lease option to an investment company that is renting out a number of homes in my area. They have one particular property for rent only and we love it. It has been sitting vacant and they have continued to market it as a rental. They have already reduced the $1750 monthly rent to $1650 after two weeks on the market. And it is now still available but no further reductions. It has now been almost 2 months on the market.
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