Legal Question in Real Estate Law in Illinois

Re: understanding rent to own homes

Hello. You and the prospective buyer need to enter into a contract for the prospective buyer to lease the property with the option to buy it

at a later date. You need representation and the

written contract, properly drafted, will represent the entire understanding between you and the prospective buyer. Of course, the monthly

rent, security deposit and any downpayment in the

event the prospective buyer chooses to purchase the property, needs to be negotiated and set forth clearly in the written agreement. Please

feel free to ask me additional questions.

Re: understanding rent to own homes

Just completed a lease w/purchase option, including all exhibits thereto, about a month ago. I would be happy to assist in your situation as well.

-- Kenneth J. Ashman; [email protected]; www.AshmanLawOffices.com

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