Lease - Option Sandwich — Without actually owning the property, lease - options allow a person to gain control of a property by leasing it with a legal «option» to purchase
the property at a specified price within a specified time period.
Not exact matches
In simple terms, a rent - to - own (RTO) agreement is where a client agrees to rent the
property from the owner for a
specified period of time (usually three to five years) and then has the option to purchase the
property at the end of the lease period, generally
at an increased
price, and as long as the
specified contractual conditions are satisfied.
At present, if a buyer searches www.realtor.ca for a
property in, say Brampton, Ont., the buyer is able to see all
properties listed for sale in his
price range in the
specified neighbourhood.