Witness Signature. Witness Address …………………………………………..
Witness Signature. PARENT/GUARDIAN CONSENT: (for applicants under 18 years) – I hereby certify and decree that all the information contained in the declarations above is true and accurate Print Name:................................................................... Signature …………………………………………....……... Relationship to applicant ……………………………… Phone Contact ……………………................................... Address …………………………………………………………………….....................................................................
Witness Signature. Witness Address ………………………………………….. ………………………………………….. Director ………………………………………….. (Full Name) Signature In the presence of: ………………………………………….. Witness Full Name
Witness Signature. Date: ......................................
Witness Signature. Name ........................................................ Name .………………………………………………………….. Date .......................................................... Date …………………………………………………………….
Witness Signature. All signatures provided above must be done so before a Witness. Once all Landlords/Sellers, Buyers/Tenants, Agents have signed their names, the Witness in attendance must produce his or her signature and printed name. A Rent-to-Own Agreement is a lease agreement between a landlord (lessor) and a tenant (lessee) to rent a property with the option to purchase the property before the lease agreement expires. It contains both a standard lease agreement and language on how and when a tenant can exercise an option to purchase the property. Why Use a Rent-to-Own Agreement? A Rent-to Own Agreement has the following benefits: Current Market Conditions – It might be a tough seller’s market. Leasing a property under a Rent-to-Own Agreement might entice buyers that are not quite ready to purchase a home but are planning to soon. Lower Costs – This agreement can provide landlords with the potential sale of a property without having to hire a real estate agent or market the property. Income – Instead of receiving no income while trying to sell a property, a landlord can enjoy a steady income without having to deal with the cost of maintaining the property. If the tenant decides not to exercise the option, the landlord can keep the escrow funds and option fee provided by the tenant. Tax Advantages – There may be certain tax advantages for a landlord with negative cash flow to receive a steady stream of income for a time rather than just a lump sum payment from the sale of the property. Finance Issues – A tenant may want to purchase a home but cannot obtain a mortgage due to their credit score, down payment amount, or other reasons. This agreement gives the tenant time to get their finances in order while locking in an option to buy a home. Flexibility – If a tenant decides they do not want to purchase the property at the end of the option term, or they are unable, they can decline the option and end the lease just as you would with any other lease agreement. Equity – It provides tenants the unique opportunity to build equity in a house before even owning it. In addition to the extra rent payment being held in escrow, a tenant can build equity by making improvements to the property if they are responsible for maintenance and repairs. Drawbacks of a Rent-to-Own Agreement While there are many good reasons to enter into a Rent-to-Own Agreement, there are some potential drawbacks as well. Those include: Landlord Inflexibility – Once a landlord enters into this type of agreeme...
Witness Signature. Lender’s Witness Name: Xxxxxx Xxxxxxx
Witness Signature. Witness Name:
Witness Signature. Tenant Full Name (Block Capitals) Witness Full Name (Block Capitals)
Witness Signature. Name: ……………………………………………………………
