Vegas Condos 4 Less Offers Rent-To-Own Properties
Rent-to-Own homes or condos are commonly known as Lease Purchase Homes, Lease Option Homes, Lease Option to Buy Homes, Houses for Lease Purchase Option and are a wonderful alternative for people who would like to purchase a home right now but may need a little time to acquire a downpayment or build up their credit rating. Vegas Condos has many rent to own and lease option to purchase homes available as well as regular homes for rent in the Las Vegas area.
So what exactly does rent to own or a lease purchase entail? A standard rental lease allows you to live in the home and there are usually associated move-in expenses such as a deposit and/or security deposit. With lease purchase homes or lease option homes, the “option” agreement gives you the right to purchase the rental home within a certain period of time at an agreed upon price. There is also usually an initial “option” amount due upon signing (similar to a rental deposit) and a monthly additionally payment which applies to the purchase price of the lease option home.
Buying a lease option home through a rent to own lease is one way to save for a downpayment while you get to enjoy living in the house for lease option purchase. But be sure to fully understand this type of agreement as you must be willing to see the option all the way through and make your payments on time or you could risk losing the right to purchase the home and any additional option amounts you paid.
Vegas Condos has available rent to own homes and condos or lease purchase homes and condos. When purchasing from Vegas Condos there are no credit checks and no bank financing. We do our own financing.