Benefits of Lease Purchase for the Landlord/Seller

If you don't need all your equity right now, the best way to get your full asking price and a higher than average monthly rent for your home is to sell it on a Lease Purchase. Since you are assisting the tenant/buyer with a plan for home ownership, they tend to be willing to pay a higher sales price and higher than average rent to get started on that path. Help your Tenant/buyers understand the concept of trading price for time and value.

When you offer a Lease Purchase on your home, you receive a non-refundable option deposit. You determine the amount of the deposit you require. You will receive the majority of your profits at closing, when and if the tenant/buyer exercises his option to buy. In the event the tenant/buyer defaults or allows the option to expire, you will retain the non refundable option deposit. You are then free to begin the process again.

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