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Lease/Purchase . . . is it right for you?
My basic thought on Lease/Purchases is that they are generally not a great idea for buyers.  Here are some specific thoughts on this:
If you seek out a lease/purchase, your selection is limited and you must "settle" on a home that may not really be your dream home. You typically have to put down a substantial deposit, that you generally will lose if you do not complete the purchase at the end of the term. During the time that you are leasing and waiting to purchase, you are typically the one responsible for the upkeep of the property. You very seldom have much negotiating power in the transaction, because you are not a sure sale for the seller. If the seller is gets in financial trouble and loses the house to the mortgage company, you risk losing the place you live and the money that you put down on it.  Most folks who seek out a Lease/Purchase are usually doing so because they do not yet have the credit qualifications to secure a mortgage.  If you fall in this category, my suggestions to you would be:
Simply rent for now.  The deposit is typically much less, and typically as long as ... more

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