Legal Question in Real Estate Law in Florida

Can I use my rental property as a secured promissory note while someone else is renting to own it?


Asked on 11/30/15, 8:04 pm

2 Answers from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

Huh? You own the property? The rent to own is confusing and means nothing legally without seeing the document. Is there an option to purchase or what? If you have some interest you can usually use that interest as security for a debt.

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Answered on 12/01/15, 6:26 am
David Slater David P. Slater, Esq.

If the lender accepts this type of collateral.

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Answered on 12/01/15, 10:43 am


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