Finish result in the Rent to Own Contract

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How to Finish result in the Rent to Own Contract

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if rent-to-rent contracts are so straightforward then why is it that so many people get this completely wrong there are four types of contracts that ive seen being used and two of those are the right way to do it unfortunately there are even trainers getting this completely wrong in this video i want to break down all four contracts and show you which is the right way to do it if youre watching for the first time my name is sadio sane and on this channel i use my 15 years of property investing experience to ultimately help you get further faster in your property investing journey so what is rent to rent rent to rent is the concept of taking on a property from somebody else that you dont own for a contractual period might be three years five years seven years however long it is and for you to then rent that property out again to somebody else in the process to make more money in the difference between the two so for example youre renting a property for a thousand pounds from a land

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What are my rights as a tenant when house is being sold?

You have a right to remain in the property for the entire fixed term period. The landlord, who purchases the property is forced to accept the sitting tenant at least until the fixed term is over. The landlord can still use eviction procedures against you, but they need to follow the established rules.

What happens if the house you are renting is sold in California?

If the property is sold with nine months remaining on a one-year lease, the tenant has the right to occupy the unit for the remaining nine months. He or she is still responsible for paying rent and carrying out the terms of the original lease, although rents will generally be paid to the new owner.

How do I convince a seller to rent-to-own?

Get the homes value. Determine your highest sale price. Get a home inspection. Attend the home inspection. Make the seller an offer. Check over any counteroffers you receive from the seller. Prepare a counteroffer for the seller if needed. Write down your terms once you and the seller have agreed on a price.

What is a rent-to-own agreement in NC?

A North Carolina rent-to-own agreement is a real estate contract used to establish a tenancy arrangement between a landlord and a tenant with an added stipulation that the tenant may purchase the property after a certain period of time has elapsed.

Can I evict my tenant in California if I want to sell?

Landlords of condominiums and single unit properties cannot perform owner-occupancy evictions if they are selling the property. The owner has to intend to occupy the unit for a year or more as their primary place of residence. A landlord who is selling the property cannot show this intent.

Can owner sell house while renting in California?

You can still sell your house even if there are tenants living in it The good news is this: You have the legal right to sell your property, even if there are tenants living there. Its your house and your decision to make, and if you want to sell it, that is well within your purview.

What are the disadvantages of a rent-to-own contract?

Here are the downsides to a rent-to-own contract: You might lose money. Due to fees and rent credits, you might end up losing money in the deal if you dont purchase the house in the end. You might have to pay more fees. You might have to purchase the house. You arent guaranteed financing.

What happens to a lease when a property is sold California?

The lease will continue to apply to the subsequent owner if so stated in the lease. Or the lease may require that upon transfer, the lease terminates and the existing owner compensates the tenant per the terms in the lease.

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