Lease-Purchase - Posted by nastansell
Posted by nastansell on July 07, 2003 at 10:06:56:
I’m looking to do a lease purchase on a home appraised at about $128K. Plan is to lease for a year and then probably purchase. What issues should I be aware of and how are these deals typically structured? Can I get credit for the rent paid toward the purchase price? Reason I’m looking to do lease purchase is, I’m working on a one year contract that will probably go permanent at the end. My last couple of jobs have been contract short term assignments (3-6 months), so my job history is not the best but credit history is good. Any advice, suggestions, would be appreciated.