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Old 01-28-2009, 11:48 AM
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Lease Option

What is the name of your state (only U.S. law)? CA

Single family home in Pleasant Hill for rent, interested party (who are realtors) want lease-option. Generally, what is expected as a down-payment or earnest money for the purchase contract, and was percentage of monthly rent is applied toward down payment?
Thank you.
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Old 01-28-2009, 07:33 PM
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Location: Catatonic State
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Quote:
Originally Posted by jaimey1 View Post
What is the name of your state (only U.S. law)? CA

Single family home in Pleasant Hill for rent, interested party (who are realtors) want lease-option. Generally, what is expected as a down-payment or earnest money for the purchase contract, and was percentage of monthly rent is applied toward down payment?
Thank you.
***A: ask for 20% down and no rent % towards purchase price unless rent is more than the market rent value; in which case credit the difference.
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