Is it a good idea to have a rent with an option to buy clause in a lease if you are a tenant?
If an owner were willing to agree to such a clause, then, presumably, the owner is willing to sell the house.
Given that the owner is, presumably, willing to sell the house, then it follows that whether an option to buy clause exists or not, that the owner would consider an offer to buy from the tenant.
Typically, an option to buy clause has a potential cost. It might involve an up front deposit, which is … (1 comments)
You own a house, which is currently vacant. You decide that you want to rent it. You contact a real estate agent to list the house for rent. For the sake of this discussion, let's say that you ask a reasonable $1500 per month. The real estate agent advertises the house on the Multiple Listing Service, whereby it then goes out to about a thousand or so web sites. For access to the house, the real estate agent puts the key in a combination lock box at the house. (You will see that it would be more appropriate to use a lock box, which … (2 comments)
Many rental properties are going for $1100 to $1300 per month in the Dundalk area.
To move in you would need the first month's rent and a security deposit, which would add up to between $2200 and $2600. (By the beginning of the second month, your total will be between $3300 and $3900.)
It would cost under $3500 up front, but there would be no payment for the first month.
The … (2 comments)
renting: Why Invest In A College Dorm Room?
- 10/13/13 08:47 AM
Why Invest In A College Dorm Room? You send your child off to college to get an education, which you believe is a wise investment in their future. However, while it may be a wise investment, it does not mean that everything related to it is, also, wise. For instance, a large part of your expenditure will come from the room, assuming that your child does not stay at home during the college years. If you go the normal route of getting a dorm room at the college, then you are just spending money that you will not get back. On the other … (4 comments)
Rent with an Option to Buy
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