What are the components of a Rent-To-Own agreement?
• There are two major components of a Rent-To-Own agreement: 1) a Lease that includes the monthly payment, term, rent credit and other customary provisions, and 2) the Purchase Option, which spells out the required Option Consideration and grants the Tenant-Buyer the option to purchase the home at an agreed upon price at any point prior to the expiration of the lease. House Buyers, LLC facilitates successful transactions by standardizing lease terms, rigorously qualifying Buyers, and providing Buyers with the support and resources to achieve their savings and credit improvement objectives.
