Thread: Rent to Own
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madcorgi
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Quote:
Originally Posted by legion View Post
I got a kind of an offer on the house today, well, more of an inquiry.

A lady called and asked if I would consider a rent-to-own type agreement.

I told her that the idea hadn't occurred to me, and I would have to think about it. I told her I would call her back early next week with a decision.

I have some thoughts on this kind of agreement, but I'll keep them to myself so as not to spoil the discussion.

Has anyone here ever done such an agreement as a buyer or seller? If so, what is your experience? Are there standard terms for such agreements?
I'd be very careful. As others have noted, many things can go wrong. Overall, I think it's a way better, less risky deal for the renter than the seller.
Old 04-30-2010, 03:44 PM
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