Home Builders Are Starting To Consider Lease Options
Fast development today has made us to overlook the basic needs that human being possess. Food, shelter and clothing were previously the essential requirements of human being that were given the very first priority. Though, the needs are same, the ways to look at things have changed. Shelter or housing is among them.
The cost of housing, as it is called in simple terms is touching heights these days and within a few years, it will be more difficult to buy a house than it is today. Therefore, the best solution which is being opted by today’s generation is obtaining the house on lease. One of the ways a house or building can be rented is by preparing an agreement of 12 or 24 months and taking some amount on monthly basis and then discontinuing the agreement with the property still being of the seller and not the buyer’s.This was standard leasing facility utilized by the building contractors and home buyers.Better options such as leasing options are available today. Even building contractors have started looking at lease options. Leasing options are also called as rent to own the property. One of the leasing options is lease to own a certain property or place. Leasing options are what is the main question.
Renting option is actually paying the rent for that specific property and getting a choice to buy the same property once the complete amount of money is paid out. So, this shows that leasing options provide the buyer with double profit of purchasing the property once the full rent is paid. This lease gives all the benefits as with any other lease. The tenant can use the property for 12 or 24 months depending on the agreement provided no damage should be caused to the property. With this the buyer can make himself comfortable with the neighbourhood and if he is contented, he could continue with the agreement and purchase the house later. Now, how does this benefits the builder or the seller? The seller sells the house and can earn the profit by the regular monthly interest and rent he would obtain. Builder gets benefited as he needn’t pay the maintenance of the place now. Also, owner funding has become common nowadays. By this, we mean that the owner of the house will himself act as the bank and will loan the buyer. In this instance the builder or the seller will get the profit in the form of the taxations that will be more with the bigger time period. The profit are in the form of interest rates on the rent amount. In this instance too, proprietor doesn’t need to bother about the house maintenance. By every means lease options are profitable for tenant as well as builders.
Looking for Lease Options for houses, visit http://www.leasepurchasemadeeasy.com for more information.
Processing your request, Please wait....
