Owning a commercial establishment is every business owners dream; though, very few people are able to assemble the finance to do this because of a number of reasons like denial of mortgage loan application, low income or bad credit. No matter what the basis is behind the failure to arrange the finances, if you are incapable to purchase the house now, then you will never be able to get it. Having your own commercial establishment is now possible with a lease purchase agreement.The leasing purchase agreement is a deal between the buyer and the seller, under which the buyer makes an agreement to buy the house after a few years or months. The advantage of this is that you would not have to make any profound down payment at once for the real estate and you have sufficient time to save money for that. When you go into in a lease purchase agreement, you will have to make a small payment of about 3% of the worth of the establishment. This amount can be lower or higher as per the choice of the seller, and apart from this amount, you would also have to pay a month?s rent in advance as deposit. With a lease option you are not bound to buy the commercial establishment, though, if you desire to do the same at a later phase, then you can choose to purchase the property. If you sign an agreement, then it requires you to purchase the property when the lease phase comes to end. It is vital that you have the lease purchase or the lease option agreement confirmed by a real estate lawyer, so that it can be determined that the agreement is as per your circumstances and the real estate laws of the state where you are opting for the lease purchase conformity.
Like this:
Be the first to like this.
pulitzer prize winners nfl 2012 schedule gmail down tim lincecum ryan oneal file taxes online tupac shakur
No comments:
Post a Comment