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A lot of my clients are asking me about the Lease Purchase Agreement?
The lease-purchase agreement, is probably the most common home purchase alternative to a mortgage. If a buyer wants to buy a house but cannot qualify for a loan, the seller may offer an alternative where the buyer will pay a down payment and lease (or, rent) the house for a given time until an alternate source of financing is found to purchase the house. The “option to purchase” is the right the buyer has under the agreement to purchase the home at or before the given time. The seller may expect to be the one to provide the mortgage in the future, or the seller may require the buyer to secure a mortgage through a bank. If a buyer still cannot qualify for a mortgage loan when the time comes for the buyer to exercise the option to purchase the house, the seller can evict the buyer, keeping the house, the down payment, and the lease payments made up to that time. The buyer is left with nothing.
If you have any additional questions or requests, please contact:
Julia De Sosa-Rocha Solid Source Realty GA / New Homes America Team Member
Cell: (404)-886-0566
Fax: 1-866-529-5148 Office: 770-475-1130 Ext.8965 Email: jdesosarocha@yahoo.com Search for current listings in Georgia 
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