Lease-Purchases on the Rise: An article from Realtor Magazine Online examines lease-purchase agreements as an option for buyers without enough money to purchase a home. Typically the terms include a lease and an option to buy with part of the rent going toward down payment. After a specified time frame, the buyer would amass enough money to purchase the home. Real-estate agents can charge a rental commission for the lease arrangement and get a sales commission if the purchase option is executed.
http://www.realtor.org/RMODaily.nsf/pages/News2009072103
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I am a Real Estate Professional...."committed to Your journey Home" www.nicoletusseyhomes.net 719-648-1288
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