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Old 03-20-2001, 02:55 PM
SKJS01
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State: PA

What is the typical arrangement for a lease to own agreement? I have a person who bought a brand new home, wants to get out of it but can't afford to take the hit for leaving now. This person offered to rent to me for the cost of the mortgate(including PMI) for 2 years and then I would have the option to buy the home. Do you set a fixed price in the original lease? What happens if the property depriciates? What is the value to me in paying their mortgage if I don't get a portion of that recouped on the house when I go to buy it?

Any suggestions, standards or cautions would be appreciated.
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Old 03-21-2001, 09:27 PM
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Location: Catatonic State
Posts: 75,781
Your post is to broad.
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