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Lease - Purchase Agreements For Residential Property The lease-purchase agreement creates a relationship between a landlord and tenant, whereby the tenant typically rents the property for a specific period of time, and subsequently, purchases the property outright. This situation is advantageous to both parties. The tenant, often a first time homebuyer, is able to establish a payment history that is important to prospective lenders while buying himself/herself additional time to save money for the down payment and closing costs. [VIEW ARTICLE]Comments RSS Feed For This Article: 
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Subject: lease purchase
This is a great article. It explains what lease purchase is in laymans terms and gives free example of a contract. No gimmick or sales pitch attached. Thank you.