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Author: admin | Category: Calculator Car Loan | Date: 12.08.2015

The commercial lease template is available for download to structure a real estate contract for a tenant that would be occupying for a business use. The standard term is between two (2) and four (4) years and it is common for there to be options to renew at the tenant’s option. Finding a rent-to-own house is one of the many ways someone with bad or no credit can buy a house. There are a few differences between rent-to-own and lease-option agreements, although many people use the terms interchangeably. There is usually not much money put down in the beginning, outside of what would normally be needed for a rental home, so this is a good way to get into a home for little or no down payment. Another advantage to a rent to buy situation is that if you compare how much rent money is applied monthly to the home price, even if it is only 25-50%, it will still be much more money paid on the principal of the house than if you had taken out a loan for it.
With a lease-with-option-to-buy, a renter signs a lease agreement (often for a shorter period of time, like1-2 years, but it could be longer).

This is a technique often used by real estate investors in periods when the interest rate is rising fast.
If you are a renter who is tired of paying someone else’s mortgage and want to own your own home, this is one of many ways that you can buy a home. It is recommended that all commercial leases are signed in the presence of a notary public to protect the lessor and lessee. With a rent to own (or rent to buy) home, the buyer makes an agreement with the owner that part or all of the rent money will go towards the down payment of the home, and at a certain date, perhaps 2-5 years in the future, the renter will purchase the home, using the money that was set aside as the down payment.
If you look at how much money goes to the principal payment of a home with a typical mortgage loan, you will find that most of your mortgage payment in the beginning is just paying interest on the loan.
Whether it is office, retail, or industrial property, the landlord should make sure that a sizeable deposit, a long business history, or the owner provides a personal guaranty to make sure there is not a loss on the investment. A rent to own agreement, where the money goes directly to the payment of the home, could be saving you a lot of money in the long run.

The renter has the option or right to buy the home, so in the end they have a choice and can back out it they want. In the meantime, they will sublease the home to someone else, who will make the payments for them.
This may be a problem if you have bad credit, because you may still need to qualify for a loan when it is time to purchase the home. If your credit can be repaired in several years, this may be a great way for you to get your home now, and good motivation to clean up your credit for the future.

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