Who Can Go For Lease Purchase Agreement?
Lease purchase agreement is a special contract between the buyer and seller in which the buyer agrees to buy the house after a few months or years. This way, you don’t have to make huge down payments immediately and you will have time to save for your home. Buying a home is a dream for many people, but not everyone can arrange finance instantly to buy a new home. There may be several reasons such as current low income, bad credit, rejection of loan application and so on. Whatever may be the reason, if you are not able to get some hold on the house you like now, you won’t be able to buy the home later. A lease purchase agreement is a special contract between the buyer and seller in which the buyer agrees to buy the house after a few months or years. This way, you don’t have to make huge down payments immediately and you will have time to save for your home. Reserve now, pay later A lease purchase agreement requires the buyer to pay a down payment towards the purchase price of the house.
