When you say Rent to Own, one party is basically renting something out, then after each month (or whenever periodic payment is made), the other party pays extra rent each month plus up-front fees of about 5% of the purchase price. The tenant does that until he eventually reaches the actual price of the thing that he’s renting. Once that’s done, the tenant no longer has to pay for rent and whatever he’s leasing is officially his.
However, before you can actually avail of the Rent to Own method, you’ll need to sign some form of contract first. These kinds of contracts are especially important because they serve as proof that you were renting until it reached to the point where you were able to meet the full price of the object or place you were leasing.
To help people out with this, there are Rent to Own Contract Forms.
Rent to Own Home Contract Form
Rent to Own Land Contract Form
Free Rent to Own Contract Form
Rent to Own Car Contract Form
The Different Types of Rent to Own Contract Forms
There are lots of these types of Rent to Own Contract Forms that enable just about any company or person to guarantee that they receive the payment of whatever they’re leasing until it’s completed in full. Here are some examples of these types of forms:
- Rent to Own House Contract Forms are the kinds of forms that are utilized by those who are renting a home but would eventually like to purchase it for themselves.
- Rent to Own Car Contract Forms are usually used by those car companies that allow their rental cars to be purchased after a given amount of payment.
- Rent to Own Equipment Contract Forms are for those who wish to own a piece of equipment such as a jackhammer or crane and would like to purchase it eventually after a set period of time.
- Rent to Own Land Contract Forms are usually made by those companies that rent out land and would eventually buy it out.
Rent to Own House Contract Form
Rent to Own Equipment Contract Form
Rent to Own Real Estate Contract Form
Rent to Own Contract Form in PDF
The Importance of Having Rent to Own Agreement Forms
If you were someone who was renting something and would like to keep it for yourself eventually, then these forms are really important. Sometimes it’s stated in a Renters Contract Forms that those who are leasing goods have the choice of either paying extra per month, or whenever the set date of payment is, and eventually being able to buy it out from the renter.
These are also really important for the companies or people lending their goods for a certain price. These help set the terms of how long they’ll need to pay for it and how much extra they’ll need to pay until they eventually buy it off from them.
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