Where can I find example or template "Rent-to-Own"/"Lease-to-home" housing contracts?
A good friend of mine has a house. She wants to rent and sell, but a possible tenant is interested in a lease-to-own arrangement . I have read up on a lease-to-own arrangement, so I would next like to see what a contract looks like. Where can I find such contracts at online?
Public Comments
- I answered another question about rent-to-own contracts earlier and at that time, looked for a rent to own contract and found none that were free. You can pay for one here: http://kaktus.com/real-estate-forms/forms/lease-option.html I have no affiliation with that site whatsoever. I found the website via a link here: http://www.realestateabc.com/answers/option.htm I have no affiliation with that site either.
- Contracts off the Internet aren't worth the price of the paper they are printed on. Get an attorney in your city/state to draft a contract for you.
- you need to check with a local attorney. Some states have bills pending to outlaw this practice when the property is secured by a mortgage. Most all rent to own deals end up badly for the buyer
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