Real Estate Lease Option Tips at Golden Sky Management
Estate Leasing Company Indianapolis There are two sides to every coin when it comes to lease options. Here are some real estate leasing option tips that balance the coin to land on its edge, benefiting both the buyer and the seller. A lease option is a lease with an option for the Indianapolis Tenant Screening Services to buy the property, normally within a twelve-to-twenty-four-month time period. Non-qualified and first-time buyers view the lease option as an ideal finance technique, granting them time to get their financing house in order. Take a look at the following real estate lease option tips for the buyer. Benefits and real estate lease option tips for the buyer (tenant): Pay little cash up front (certainly much smaller than a typical down payment) Monthly rent credit generates the down payment - a forced savings "account" Live in the house you intend to buy However, this convenience isn't without costs. The tenant usually pays an option fee