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Remove Circle into the Rent To Own Agreement

Remove Circle into the Rent To Own Agreement and eSign it in minutes

Aug 6th, 2022

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How to Remove Circle into the Rent To Own Agreement

4.9 out of 5

26 votes

So today were going to talk about renting to own and a couple things to watch out for so as a lender I see these go sideways all the time I mean personally would I enter into a rent to own agreement no no I wouldnt and heres why so a lot of times the way it gets presented to you is ah hey your credits not good enough right now but like if you rent the house then you can rent to own it and like your payments will go towards your down payment you know it sounds really good it sounds like youre going to become a homeowner you just have to you know rent and do your time theres so many ways this can go wrong okay now the first thing is lets pretend its a legitimate seller because thats the thing you have to watch out for as well there are people who try to defraud other people by doing rent to own scams so thats something to watch out but lets say its a legit because there are companies that do this legitimately first of all in order for the money to count as your down payment

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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.

What Are the Advantages of Rent to Own Agreements?

This is called the Right to Unwind and can be exercised by informing the landlord or agent that you wish to reject the contract within 90 days of it starting - ideally in writing. If the landlord does not agree, you may have to apply to the court to have this ruled on.

How Is Rent to Own Different Than Buying a House?

Give a notice to quit to the landlord. This ends your joint periodic tenancy and ongoing responsibility for rent. You do not need permission from the other tenants or the landlord to do this. It could leave your former housemates in a difficult position because their tenancy will also end when your notice ends.

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