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Contact Information |
Charles Still Russell & Jeffcoat Realtors 5599 Sunset Blvd Lexington, SC, 29072
Office: 803.233.7544 Cell: 803.240.3320
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what is a lease option? |
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What is a lease option?
When a renter signs a lease with an option to purchase a Lexington, SC property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to a future down payment.
Lease options are most popular among buyers who don't have enough funds for a down payment and closing costs.
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Last Updated ( Wednesday, 30 July 2008 )
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