Moringa Industries

Another way to move a property is through a lease-option or rent to own contract. This is a method that can be effective in a slow market. This is also good if you are looking to command a higher price or generate income. There are many people who would like to own a house but are unable to for various reasons. Perhaps they don't have a large enough down payment, maybe they are waiting for their credit to improve or they are not sure that they are going to stay in the area.

A lease option is a rental contract with the option, but not the obligation, to purchase the house for a specific price within a certain time frame. A contract is drawn up that will have a down payment that will be applied to the purchase. A portion of the monthly lease payment is also applied to the down payment. If the sale is not completed the money is forfeited.