Lease With The OPTION To Buy!
Perfect for someone looking for a more short term rental, Military families, individuals with traveling occupations, and for those of us who want the opportunity to live in a home for a while - perhaps a few years - before committing to whether or not we want to go through with purchasing that particular home. Simply Set up a regular lease agreement, the lease would stipulate that at any time during your lease, you can choose to transfer the title of the property over to your name. This would be an irrevocable permission that is stipulated in a legally binding contract, so it is guaranteed to remain an option to you regardless of any change in circumstance or mind of the homeowner in the meantime. However, at the end of the lease, should you NOT want to continue, you are under NO further obligation - there are no penalties or consequences for not transferring ownership
Perfect for someone looking for a more short term rental, Military families, individuals with traveling occupations, and for those of us who want the opportunity to live in a home for a while - perhaps a few years - before committing to whether or not we want to go through with purchasing that particular home. Simply Set up a regular lease agreement, the lease would stipulate that at any time during your lease, you can choose to transfer the title of the property over to your name. This would be an irrevocable permission that is stipulated in a legally binding contract, so it is guaranteed to remain an option to you regardless of any change in circumstance or mind of the homeowner in the meantime. However, at the end of the lease, should you NOT want to continue, you are under NO further obligation - there are no penalties or consequences for not transferring ownership