Rent to Own Florida :: Lease Purchase Florida :: Lease Option Florida Homes for sale

Rent to Own Florida :: Lease Purchase Florida :: Lease Option Florida Homes for sale

Rent to Own Florida :: Lease Purchase Florida :: Lease Option Florida Homes for sale

No Credit Check Florida Homes for sale with owner financing rent to own homes or lease option purchase. Browse our Florida real estate listingsof no credit checkrent to own homes owner financed homes throughout Florida by clicking on the "http://www.flarenttoown.com/" tab above. If you are looking for FL owner financed homes or no credit check rent to ownFlorida homes in the in Florida please click on the "Our Florida Homes For Sale tab" above. We have owner financed Florida homesno credit check homeswith as little as 3% down and can arrange for a quick move-in.

Rent-to-own Florida homes provide Florida buyers-tenants and sellers-landlords additional options during questionable financing times in the Florida market or the individual parties. The general lease option also known as rent to own agreement allows for a potential Florida home buyer, who may not have the capital to buy the Florida home out-right or the credit to get a loan, to pay a deposit up-front, traditional lease with the option to purchase and live in desired Florida home immediately. FlaRentToOwn.com has hundreds of rent-to-own Florida lease option homes available, as well as regular Florida homes for rent state wide.

The deposit on a rent-to-own FL Home is usually between 3%- 7% percent of the property price. The traditional rent goes straight to the Florida home seller-landlord, as in any other rental agreement. However with a rent to own agreement the rent premium acts as a further deposit toward the purchase of the house. Most rent-to-own Florida contracts are fairly short term one to three years is the usual length and the purchase price of the Florida home is usually established at the contract signing. However, other details of the arrangement depend on which type of Florida lease option agreement you enter.

Lease Option a Florida home

A lease option allows the Florida home buyer-tenant to work towards the purchase of the house without an obligation to buy. This arrangement provides the buyer-tenant 24 to 36 months to save money or raise a credit score that is slightly below the needed one. A lease option also reduces the potential buyer's anxiety about making the long-term and all-inclusive commitment of purchasing a home and provides him or her time to further consider the pros, cons and responsibilities of home ownership. At the same time, a lease option agreement gives the seller-landlord more security than with a traditional renter. The Florida tenant can ultimately decide not to by the Florida home, but he or she usually forfeits the original deposit and the rent premiums paid every month.

Lease Purchase a Florida home

Unlike a lease option, in a lease purchase the buyer-tenant agrees to buy the Florida home in the initial contract and is obligated to follow through with the purchase at the end of the lease term. A lease purchase provides the seller-landlord the most security outside of an out-right sale, as it contractually guarantees the eventual purchase of the property by the buyer-tenant. However, both parties should be cautious if the agreement is hinged on a significant savings or credit score improvement, as a failure to accomplish either may result in a continued inability for the tenant to purchase the home, leaving both buyer and seller in a lurch. If the tenant ultimately decides NOT to buy the house, he or she faces the potential consequences of a broken contract in addition to losing the deposit and rent premiums. The seller, then, also faces legal expenses in pursuing the broken contract.

The path to a successful rent-to-own for both buyers-tenants and sellers-landlords requires a solid and detailed contract and a thorough game plan. If potential buyers engage in a lease option or purchase in an effort to improve their credit over the lease period, they should make sure they do in fact raise their credit scores and will be granted loans for the mortgage. Otherwise, premiums and deposits will be surrendered, and they may end up in a worse position than in the beginning. Likewise, sellers-landlords should enter rent-to-own arrangements acknowledging that they are usually long-term solutions and not avenues for immediate capital. For security and planning, both parties should establish a property price at the beginning of the agreement or decide to go with the market price at the time of the purchase and write the price into the contract.

Florida home Sellers, landlords and property managers who have available rent-to-own Florida homes can list their property on FlaRentToOwn.com searchable database. Simply add your FlaRentToOwn.com homes and provide the information, listing price and option amount on the listing form. Searchers can also get information on lease options and purchases through our regular homepage searches by narrowing their search to houses with a Florida lease option or purchase agreements.

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