Legal Question in Real Estate Law in Florida
I am planing to do a rent to own in Orlando FL. Can I ask for a warranty deed to be filed in my name?
Asked on 2/18/12, 8:01 am
1 Answer from Attorneys
Usually this is an lease with an option to purchase. Attached to the lease is a contract for sale and purchase, with the provisions for exercising the option. A deed normally is not done in advance, though one could be made and placed in escrow with an attorney.
Other possibility is an Agreement for Deed (a/k/a Contract for Deed or Land Contract), but that has disadvantages to the Seller because it gives you a recorded interest in the property.
Answered on 2/18/12, 10:05 am