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Option to Purchase Addendum to Residential Lease Lease or Rent to Own Minnesota Form

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Option to Purchase Addendum to Residential Lease Lease or Rent to Own Minnesota Form

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atlantans have lost their homes to foreclosure and despite the credit hit they still need a place to live right so if you or someone you know finds themselves in this situation a lease purchase might be just a thing but the question is how does it work that sounds like a perfect question for our real estate expert John Adams he just happens to be here John here hi I'm great all right so you know I have a lot of questions about this because I think there's a lot of confusion with this topic so let's just start with is there an upfront fee is this refundable how does this whole thing get started when we're talking about a lease option and a lot of people sometimes just call it rent to own it's a rental agreement with in which you get the right to buy the property for a specific period of time but not the obligation so it's a great way for you to get familiar with the house familiar with the neighborhood make sure it's right for you

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