Our Lease Option Program is designed to provide an alternative to those seeking to rent a home. Primary Sidebar. As-Is Deals. With a lease option agreement, you have the option of purchasing the home after the agreed-upon time period. $100 Down Government Owned Homes. A lease option agreement with a potential buyer is an excellent investment strategy when you are being faced with too much competition in the market. Listings Posted Within The Last 7 Days. Lease Option Program in Tampa Bay Apply Your Rent Towards Your Home Purchase. You can use that time to save a more substantial down payment, improve your credit score or find a lender willing to offer you the amount of money needed to live in your preferred New York neighborhood. Related: 3 Ways This Real Estate Agent Tool Conquers Competition The lease-option contract should spell out who’s responsible for the maintenance and repairs of the home, as well as who is going to pay for homeowners association fees and utilities. Lease-option contracts give you the right, but not the obligation, to buy the home when the lease expires. HomeRun Homes is the premier website for Rent to Own Homes. Search Owner Financed, Lease Option and Rent to Own Homes For Sale FREE! CENTURY 21 Professional Group is the largest producing rent to own team in Florida. During the lease option, you have the option—but are not legally obligated—to buy the property. Browse Categories. Lease Option Homes. The median cost for a home in the state is $294,100, which is 27% more than the national average, making rent-to-own homes an attractive option. NOTE: Rent to Own Homes are also referred to as lease purchase, lease to purchase, lease to buy, rent to buy, lease option, rent with an option to buy, lease to own, lease with option to purchase, and rent with option to purchase. In a Nutshell. Kansas City homes are affordable, but prices are increasing. How Does the Rent-to-Own Process Work? However, if you go with a lease purchase agreement, you are legally obligated to buy the house. Rent-to-own contracts generally cover a time period of one to three years, giving buyers ample time to … Lease / Option Homes In Atlanta Georgia As Low As $1000. Rent-to-own properties allow you to rent until you’re ready to make the property your own. There really isn’t a one-size-fits-all option when it comes to the rent-to-own process. A lease option is a contract between the owner of home and the tenant/buyer that gives the tenant the option to purchase the property for a certain agreed price in specific amount of time. It is very similar to renting, but with an option to purchase the home in the future. In a lease option, you rent a home for a specified period of time. A lease option is better for buyers than a mortgage payment, which makes it favorable to them. Search. 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