answersLogoWhite

0


Best Answer

It is reasonable that there will be a certain number of payments in the agreement. There should also be a clause to protect either party if default should occur.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are some reasonable terms for a rent to own house?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Buying a house or renting a house?

If you can buy, definitely do that. That way instead of paying rent, you're paying off your mortgage. It depends on the relative cost of buying versus renting in your area. In many places it costs less on a monthly basis to buy a home than to rent one, but in some locales rent is very cheap compared to buying a house. In those places you might be better off renting and saving the additional money that would have gone towards the costs of buying. That money saved could be used to buy a better home at some point, perhaps in a cheaper city.


Do you have to own the house to get equity loan?

Yes, you must be the owner of the property. If you only rent the premises you cannot get an equity line of credit. There can be a mortgage, but you must have some equity. In other words, it must be worth more than you owe on it.


With a Credit score of 530 and a foreclosure 2 years old and a Bankruptcy discharged 6 years ago Can you buy a house?

Sorry for being the bearer of bad tidings, but with the credit history described procuring a loan would not be likely. It is possible you could contract to rent or lease with an "own option". It would probably take adequate personal financing and a co-signer, however. JMHO


What are the terms and conditions of Barclaycard?

Barclaycard has a very long list of terms and conditions for usage. Some of these terms and conditions include no warranty, no liability and the terms of governing law.


If you rent out part of your house how do you figure the amount of deductible expenses like utilities and insurance?

Tax Deductions for Partial RentalsHere is some advice from Wiki s community members: If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property.If an expense is for both rental use and personal use, such as mortgage interest or heat for the entire house, you must divide the expense between rental use and personal use. You can use any reasonable method for dividing the expense. It may be reasonable to divide the cost of some items (for example, water) based on the number of people using them. However, the two most common methods for dividing an expense are one based on the number of rooms in your home and one based on the square footage of your home. [See Publication 527 at IRS.gov for more information.]IN the case of electrical use, install a separate electrical meter for the rental unit, and insist that the tenants have to put up the deposit to get the "power turned on" themselves, that way you are protected if they don't pay the electric bils. Same thing for telephone and cable tv services.

Related questions

does anyone know of someone wanting to rent a mobile home or house within reasonable limits on rent..anything between 275 to 350 ^ maybe with some utilities included, and accepts animals. I am on disability and cannot spend all my income for rent.?

Most trailor parks have some for rent. my local one asked us if we needed a place to rent when we walked past. is this in medina ohio?


What are the terms of use for Enterprise Rent-a-Car?

There are many terms when you wish to use the Enterprise Car Rental. You have to be a certain age to rent a car, have insurance and fuel is not provided are some things in the terms.


Is there a standard amount to deduct from the rent paid on a room when the house is being sold and the renter must make many accommodations such as being out of the house at specific times?

There are no "standard" deductions, but that doesn't mean you aren't owed some sort of consideration. What are the terms of your lease? Does it say you have to be out of the place during showings? If not, you may have some leverage to get a rent reduction for your inconvenience.


How do you house in Australia?

some people own some rent and some live out on the street.


Where can you find a house for rent in hialeah?

You can find a house for rent in Hialeah by looking in your local newspapers. You can also check online for different houses to rent in that location. Some places offer local papers that vary from your newspaper that deal with nothing but homes for rent.


where is it prossible to rent a bounce house?

You can rent bounce houses from many websites online, these include, Gigmasters, Bouncer Directory, ComicJumps, and even Bounce House. Some websites cost more to rent from, and some cost less, so its best to look around.


Is it illegal for a person to rent out a house knowing its in foreclosure?

In some states it is illegal, in some it's not.


What is the legal age to rent a house in Australia?

it is 16 as long as you have some were to go


How many terms does the house of represenatives serve?

There are no term limits for the US House. Some Congressmen serve dozens of terms.


Where can you watch the first season of House?

there are some sites, but you can go to Family Video and rent it.


What are some cheap services for Portland rental cars?

There are quite a few services that rent cars for a reasonable price in Portland. For example some of the leading ones are ACE, Budget, Economy and Europcar.


Why did the bee join the band?

because he was low on rent and needed some income before he gets kicked out his house