| what is a lease option? |
What is a lease option?When a renter signs a lease with an option to purchase a Palm Springs, California property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to a future down payment.Lease options are most popular among buyers who don't have enough funds for a down payment and closing costs.
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| Last Updated ( Wednesday, 30 July 2008 ) |