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Bad or NO Credit? We Have Rent-to-Own Homes in Palm Beach Available For You!
Rent To Own Homes Lake Worth, FL
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Palm Beach Rent To Own Homes is the local leader in rent to own homes in Palm Beach County Florida. We specialize in helping Palm Beach residents earn the satisfaction of realizing their homeownership dreams through our Palm Beach Rent To Own Home Program.
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Palm Beach Rent To Own Homes
8461 Lake Worth Road Suite 1-240 Lake Worth, Florida 33467 Phone: 561-771-4347 Website: http://www.palmbeachrenttoownhomes.com Google Site: https://sites.google.com/site/homesforrenttoownfl/ Google Folder: https://goo.gl/HZ9AuU Twitter: https://twitter.com/christinatmarch https://plus.google.com/116287881073580424586 https://www.facebook.com/Palmbeach-Rent-To-Own-Homes-1359313940858481/ https://www.youtube.com/channel/UC7XUQ5F7IQLMZ8dkL3VioWg https://twitter.com/rent2ownhomesfl
Is a Rent-To-Own Agreement for You? A properly-constructed rent-to-own agreement can be an optimal solution for both a landlord and a tenant. Tenant Benefits of Rent-to-Own Agreements A rent-to-own agreement could be a good choice for a tenant who wants to own a house and reap the benefits of home ownership but, due to bad credit or lack of capital (the typical 15-20% down payment required), does not qualify for a mortgage.
http://www.palmbeachrenttoownhomes.com
This type of arrangement allows a tenant to invest and build equity in a house while leaving open the option of walking away—for example, if the tenant’s financial situation changes for the worse, or the tenant simply no longer wishes to live in or purchase the house. While there may be serious financial consequences (if the tenant paid a hefty option fee or has paid a lot of rent money into an escrow account), the tenant is not legally obligated to purchase the house under rent-to-own agreements. A decision to forfeit the option will not result in foreclosure proceedings and will not impact the tenant’s credit history. Landlord Pros and Cons of Rent-to-Own Agreements Landlords may benefit from a rent-to-own arrangement as well. Landlords who want to sell their rental property, but are having difficulty doing so, may find a buyer through a rent-to-own arrangement. During the option period, the landlord enjoys a reliable, long-term tenant, and usually does not have to deal with the expense and cost of maintaining the rental property. Also, if the tenant does not exercise the option, the landlord retains the option fee and the funds set aside in escrow. Finally, landlords may also have various financial incentives for considering a rent-to-own agreement. For example, a landlord with a negative cash flow may find it advantageous to receive a small amount of cash now and regular income (in the form of higher-than-normal monthly rent), and tax advantages of this arrangement, as opposed to a lump sum payment from sale of the property. On the other hand, rent-to-own agreements have some downsides for landlords. Because they are unilateral agreements, the landlord is contractually obligated to sell the house to the tenant, if the option is exercised. The tenant, however, is not contractually obligated to purchase the house. Instead, the tenant may choose whether or not to exercise the option. The landlord is therefore bound by the agreement and may not sell the house to a third party during the option period.
http://www.palmbeachrenttoownhomes.com
Rent To Own Homes By Owner Lake Worth, FL Contact Details: Palm Beach Rent To Own Homes 8461 Lake Worth Road Suite 1-240 Lake Worth, Florida 33467 Phone: 561-771-4347 Website: http://www.palmbeachrenttoownhomes.com Google Site: https://sites.google.com/site/homesforrenttoownfl/ Google Folder: https://goo.gl/HZ9AuU Twitter: https://twitter.com/christinatmarch https://plus.google.com/116287881073580424586 https://www.facebook.com/Palmbeach-Rent-To-Own-Homes-1359313940858481/ https://www.youtube.com/channel/UC7XUQ5F7IQLMZ8dkL3VioWg https://twitter.com/rent2ownhomesfl Related Contents: rent to own homes lake worth, fl homes for rent lake worth, fl homes for rent near me lake worth, fl rent to own homes near me lake worth, fl houses rent to own near me lake worth, fl how to rent to own a home lake worth, fl
http://www.palmbeachrenttoownhomes.com
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