Lease Options Articles
Lease Options
Lease Options are where a prospective buyer of a Property pays the owner an agreed upfront amount in return for the right to buy the Property. This right to buy the Property is for an agreed price within a certain time period in the future, typically a number of years. As part of this deal, the buyer would normally gain, in return for paying the owner’s mortgage, the right to rent out the Property and retain the rental proceeds.
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