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Lease to Purchase Contract
Posted on 1/16/13 at 10:26 pm
Posted on 1/16/13 at 10:26 pm
Anyone know what percent is the average amount applied to reduce the principle in a home lease to purchase contract?
For example, if the buyer of my home enters a contract like this with me, and I charge them $1,000 per month. How much of that is average for me to take off of the amount agreed upon in the purchase agreement?
For example, if the buyer of my home enters a contract like this with me, and I charge them $1,000 per month. How much of that is average for me to take off of the amount agreed upon in the purchase agreement?
1
Posted on 1/16/13 at 11:13 pm to bojabu
Not sure if there is a standard, but I've seen between 10% and 40% or so. More often, I've seen the lower end.
Posted on 1/16/13 at 11:41 pm to rmc
Thanks, wasn't sure of which end of the spectrum was even the standard.
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