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what is a lease option?

Posted by Craig Summers on January 8, 2016
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What is a lease option?

When a renter signs a lease with an option to purchase a Dallas Georgia Homes & Rockmart GA Homes property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to a future down payment.
Lease options are most popular among buyers who don’t have enough funds for a down payment and closing costs

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