Common Contracts
1 similar Rent to Own Agreement contracts
Rent to own agreement templateRent to Own Agreement • February 1st, 2023
This may be particularly unpleasant if the market value of the property increases more than expected, and the purchase price has already been set. Market conditions - if the landlord uses the current market value for the purchase price, low risk. However, if the owner determines the price during the contract, he can potentially sell real estate below the market value. There is also a probability of deterioration of market conditions, and the buyer will reject this option, leaving the landlord the opportunity to find a new buyer at a lower price. The actions of the tenant - unlike a traditional lease agreement, are usually responsible for maintenance and repair. If they do not keep ownership in good condition and do not abandon this option, the landlord will have to get involved in repair and potential court claims to compensate for their expenses. Tenant's financial losses - if the tenant cannot move on with the option of purchase, he will probably lose all the money paid as part of le
