However, the buyer of the home cannot issue a private reservation to protect their interests in the property during the rental period, as an option is not an identifiable interest under our own national fonal law. The potential buyer may protect its interests if, during the term of the lease, disputes arise from the lease option agreement previously signed with the owner, given that it was a valid contract under the Contract Act 1965. Well, in good and bad situations, the leasing option is another strategy that allows you to try to sell your property. There are a lot of advantages for a leasing option. The most important thing is that you can sell your property at a higher market value, the amount of rent received is also higher in this situation. With this strategy, it`s about turning this bad situation into a win-win situation for you and your potential buyer. In such a scenario, in addition to the savings on property profits tax, the seller is insured by a potential buyer for a property he wishes to dispose of and even if the tenant-buyer does not exercise the option, he has benefited from the rental and value-added services for the property. Not to mention the fact that the owner seller can save other brokerage fees if the tenant buyer exercises the option. If liquidity is a national affair, a person who has happily bought real estate may not be able to finance the monthly repayment of the credit and intends to finally sell the property. In such a scenario, he/she may develop a leasing option with the potential buyer, in which the potential buyer continues to pay the measurements, while he/she pays less rent than the amount to be tempered to the potential buyer if he/she occupies the premises.

You may have found your dream home, but your credit isn`t high enough to qualify for a loan, or you don`t have savings for a down payment for your dream home. Don`t worry – a lease with an option to purchase might be perfect for you. With this agreement, you pay the rent and have the opportunity to buy the property after a few years. Part of the rent you pay will be paid to your down payments, and as a bonus, you will have time to clean up your credit before looking for a mortgage before finally buying your first home! One may be curious to know what incentives an owner seller benefits from in a rental option agreement? A lease seller cannot immediately dispose of the property and obtain an immediate start to the investment, the rent on the lease may not be sufficient to cover the monthly payments, and the owner seller is bound to a tenant-buyer for as long as the rental term lasts. . . .