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Lease Purchase Agreements Package Pennsylvania Form

Lease Purchase Agreements Package Pennsylvania Form

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what is the lease purchase how does it work what are its pros and cons stay tuned and in this video I'll answer those questions and more now before we begin I need to define a couple of terms first is a land contract sometimes called a contract for deed or maybe an agreement for deed now what a land contract is is a contract between a buyer and a seller for real property and the seller provides the buyer financing for the purchase and the buyer repays the resulting loan and installments no this is not seller financing it sounds a lot like it but here's a big difference between a land contract and seller financing in a land contract the seller retains the legal title to the property that's the deed the buyer gets to take possession of it and use the property they basically get all of the bundle of Rights but they don't get legal title so that's a land contract but the buyer does get is what we call Equitable interest so they have a financial inter

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