Rent-to-Own: Too Good to be True?

By: The Strong Firm P.C. | Published 04/17/2019

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Texas lease-options, or “rent-to-own” contracts in layman’s terms, are often looked at as a simple solution to a common problem, but prospective tenants/buyers too often pursue lease-options without understanding what they are signing up for. In its simplest form, a lease-option is a standard lease of real property coupled with an option to purchase the property at a later time and under specific terms and circumstances. In theory, this presents an extremely attractive opportunity to prospective homeowners that desire to purchase a home and require immediate housing, but otherwise are not in a position to immediately purchase the home for one reason or another. So, why fear lease-options? (Click here to read further)

 

Brian Albert

281-367-1222

balbert@thestrongfirm.com

www.thestrongfirm.com

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