Avoiding the Pitfalls of Lease Purchase Agreements
Lease purchase agreements can be mutually beneficial, allowing the seller relief from paying two mortgages while giving a buyer who may not be able to purchase property right now the option to buy at the end of the lease agreement. Whether you are the buyer or seller, you must make sure you are clear on terms, conditions and questions that can come up in the future before you enter into a lease purchase agreement.
- Buyer Precautions
- Seller Precautions
- Upgrade Options
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