A Lease Purchase is a contract with a tenant/buyer with which he can lease a property for a certain period of time with a monthly rent payment, and with more responsibilities for the property than a renter.  The "Option" is the agreed-upon price of the property that can be exercised by the buyer to purchase it at any time during the lease period.

Benefits to the home seller

With our Lease Purchases, our tenant/buyers will buy your house in "as-is" condition and pay their lease payment on time every month—there is no grace period. This is required so that our lenders know our tenant/buyers can pay on time every month with their new mortgage (while they have the time during the lease period to become an "A-credit" buyer). We only deal with high-quality people who are looking to buy, not just rent, a house.

  When you sell your house by Lease Purchase to one of our buyers, we handle all the marketing of the house.  This includes paying the advertising and screening potential tenant/buyers.

Benefits to the Tenant/buyer

Lease options are often used by people who want to buy a home but need more time to clean up their credit histories or save up a down payment. Opportunity to Own Your Dream Home:  You have the ability to own your own home as you build up equity and fix any potential credit problems._