rental real estate: What is a Lease Option and How It Could Help Your Clients
- 03/04/14 10:25 AM
A lease option is an arrangement in which the lessor agrees to lease a house at a certain rate over a certain period of time. At some point, the lessor has the option to buy the home at a particular, pre-agreed-upon price. If you’ve suffered at all in the recent housing crisis, you may, for credit reasons or financial reasons, be unable to qualify for a bank loan or afford the house you really want to move into. But there are options for this seemingly difficult situations. Especially if you’re looking to repair your credit. If this is you, then … (30 comments)
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