How can I set up a rent to own agreement?

Answer by  Jamie87 (15)

You can do this at any rent to own store, such as Rent-a-Center, or Aaron's. It is very easy to do, and most places do not require a credit check!

Answer by  Dagon (23)

Most office supply stores have CD's with legal documents and the related boiler plate. These documents can be tailored for individual needs and requirements. Some of these same forms or equivalents can be found on the web, though while more inexpensive in cost, could require much more time in seaching. The best way is to consult an attorney.

Answer by  Hasan72 (572)

A rent-to-own agreement is a contract between two parties; buyer and seller. You can talk to your lawyer about setting up the agreement or use generic legal forms which can be tailored depending on your own requirements.

Answer by  Dean (4035)

A rent-to-own agreement is merely a contract between two (or more) parties. Detail the rental agreement as well as the terms of ownership of the property. Make sure all the elements are addressed including terms of payments, deposits, etc. Be clear with regard to timelines and deadlines for the cash-out.

Answer by  daltonbob (52)

You need to contact a lawyer and have him or her draft the contract between the buyer and the seller. It should include the time period and payments for your agreement, as well as any other provisions you have decided on - such as an expiration period for the rent to own option.

Answer by  mlucas (515)

Well as long as your payment terms are not contrary to your states laws this process would be very easy. A lot of the software programs that contain generic legal forms include rent to own agreements. You would need a form that is written specifically for your state to make sure it meets the legal requirements. There are websites, too!

Answer by  hecarlso (196)

Meet with a lawyer. Before hand decide how much you want to pay per month and what the property is worth to you.

Answer by  withluck (1745)

While rent to own contracts are available, you want to make sure the contract adheres to your states laws for the sale of real estate. You can write up a contract yourself, but it is best to have an attorney draw up the paperwork for you.