Aug
22
Morning Agenda: Tenants Struggle in Win-Win Contracts for Landlords
ByIf you pay rent to a property management company with the aim of eventually owning the place, are you a renter or a homeowner? Some companies are blurring that line.
Rent-to-own contracts allow dwellers in the United States who lack good credit or cannot qualify for a mortgage to pay rent to a landlord with the eventual promise of owning the home.
But the renters are responsible for repairs, and they do not receive a legal title to the home until the last payment is made. Unlike a contract for deed, they also still need to find financing to complete the deal…
Morning Agenda: Tenants Struggle in Win-Win Contracts for Landlords
