Can you rent a house with an option to buy?

Answer by  SubhashChander (1773)

A house can be taken on rent with a clear option to buy if there is an agreement in writing between the so called tenant who also happens to be the prospective buyer of the property with the existing landlord of the property. The maximum time period during which the option is to be exercised will have to be mentioned.

Answer by  patti (29325)

The option to buy must be offered by the landlord. Sometimes property is advertised to let with the option to buy. Otherwise, you can ask the property owner if he has any interest in selling. Details of the buy option must be detailed in the lease.

Answer by  Devin98 (487)

You can definately rent a home with an option to buy. Generally a portion of your rent will go towards the down payment for financing.

Answer by  Ali41 (1593)

Yes. Rent to own is not an uncommon option, especially in the current housing market. The way this works is that a portion of your rent will be credited towards paying for the house. If at the end of your lease term you decide not to purchase the house, then your credited rent is generally forefeited.