Common Contracts
1 similar Lease Purchase Agreement contracts
Lease purchase agreement houseLease Purchase Agreement • June 17th, 2023
See what mortgage you qualify for There are many possible paths to becoming a homeowner. In some cases, especially if you’re a first-time home buyer, you might consider a “rent to own” program, often referred to as a lease purchase agreement. Depending on your current financial and personal situation, a lease purchase agreement might help you eventually buy a home that would otherwise be out of reach. These agreements are popular because they allow you to “test drive” your home without needing to make an immediate, long-term commitment. Of course, as is the case with any long-term homeownership contract, lease purchase agreements will have drawbacks. Before signing a lease purchase agreement, it will be critical to ensure you understand exactly what you’re agreeing to. Sometimes referred to as a lease purchase contract, a lease purchase agreement is a specific type of rental contract that allows people who are renting a property from a landlord to eventually become the owner. Lease pur
