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Legislation, Licensing & Legal Issues for Inspectors Use this forum to discuss current and proposed legislation on home inspector licensing, and other legal issues affecting home inspectors. Inspectors from all associations welcome.

 
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  #1  
Old 10/19/10, 6:48 PM
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Nick Gromicko Nick Gromicko is online now
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Default Rent-to-Own Home Leases. Another InterNACHI article.

Rent-to-Own Home Leases.



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Old 10/21/10, 3:19 PM
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Robert W. Jude Robert W. Jude is offline
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Default Re: Rent-to-Own Home Leases. Another InterNACHI article.

if the home’s rent is $1,000 per month, the owner might charge $1,200 per month and credit the renter with $200 per month toward the down payment, an amount known as the rent premium. Added to an upfront “option fee” of, perhaps, $5,000, the renter will have contributed a total of $7,400 to their down payment by the end of the first year.

that should read END OF THIRD YEAR, FYI... not trying to be picky just thought you might want to fix it.
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Old 10/21/10, 6:00 PM
Rob London Rob London is offline
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Default Re: Rent-to-Own Home Leases. Another InterNACHI article.

Nope. Check your math.



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Old 10/21/10, 10:19 PM
Gary Farnsworth Gary Farnsworth is offline
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Default Re: Rent-to-Own Home Leases. Another InterNACHI article.

I think all rental units, whether they are a single family home, duplex, town home, or an apartment, all should be inspected by a third party before the tenant signs the lease. Landlords will never agree. Cities might someday. There have been many complaints here about people having to sign leases before they even get to see the apartment unit. Then, when they move in, it is problem time; getting the landlords to make repairs is tough.



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Last edited by gfarnsworth; 10/22/10 at 3:26 PM..
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