Lease Purchase INFORMATION
A lease purchase is a written agreement between a landlord and tenant giving the tenant an option to purchase the property at some future point in time. The nature of type of real estate transaction can vary a great deal because virtually all the terms of a lease purchase are negotiable. For example, they may or may not include a set price. When they do, the price might be the appraised value of the property at the time of purchase or another agreed-upon value.
Johnny will locate a client to lease option your property. Advantage your payments are made and you may be able to collect a little extra
monthly income. Disadvantage is the property remains in your name till the client
can buy the property.