cmlsu LSU Fan Baton Rouge, LA Member since Aug 2011 160 posts
re: Is lease to own a good option?(Posted by cmlsu on 2/4/13 at 4:16 pm to I Love Bama)
Be very careful. A lot of the issues are agoing to come up if you don't end up buying the property. For instance, are realtors involved? Deposit/down payment? Who holds the deposit?
The agents involved should get paid for the work they perform but it might come from the deposit you put down. Therefore, if you end up breaking the lease or legitimately decide to not buy...who gets the deposit? It's not all there if at all. The seller thinks the broker has it but the broker took it as their commission...you think the seller has it but they're not going to pay you back if they never received the deposit and/or don't think you're entitled...the seller thinks they're entitled to it and so on and so on.