does the Lease/Purchase work?
Finding the Right Tenant-Buyer
- First, we screen
potential Tenant-Buyers to identify a qualified
and reliable individual—someone who will take care of
your property as if it were his or her own.
“Rent to Buy” tenant has a different mentality than regular
tenants. He takes care
of your property because he considers himself the Future
he thinks of the landlord more as a lender than a regular
landlord and he knows he will have to re-finance the property in a
year or two and that the lender will loan him more money if the
property is in good shape.
the Tenant-Buyer will provide a written agreement to accept
responsibility for all minor repairs and maintenance.
This means he won’t call you
when a faucet leaks or a sink overflows! He’ll
get it done himself!
our Tenant-Buyer may not qualify for a loan right now but he can
afford to cover most of your mortgage payment.
ensure this, one of our local lenders will analyze the
Tenant-Buyer’s financial situation to make sure the Tenant-Buyer has
sufficient cash flow to satisfy all his obligations; plus, that it is
likely Tenant-Buyer will qualify for his loan when the time comes.
Many lenders now consider lease options as a sale which enables the tenant buyer to get a refinance loan rather than a purchase loan when they exercise their option to buy.
we have a top candidate, we’re ready to execute documents.