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Rent to own transactions Jennifer Schultz, Esq. Community Legal Services 1410 W. Erie Ave. Philadelphia, PA 19140 Schultz misfile. Resurvey What field do you work in? Housing counselor/homeowner advocate
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What is rent to own transactions?
Rent to own transactions are agreements where an individual rents a property or item with the option to purchase it at a later date.
Who is required to file rent to own transactions?
The individual or company facilitating the rent to own transaction is required to file the necessary paperwork.
How to fill out rent to own transactions?
Rent to own transactions can be filled out by providing detailed information about the terms of the agreement, payment schedule, and purchase option.
What is the purpose of rent to own transactions?
The purpose of rent to own transactions is to allow individuals to gradually acquire ownership of a property or item while initially renting it.
What information must be reported on rent to own transactions?
Information such as the names of the parties involved, property or item details, payment amounts, and purchase terms must be reported on rent to own transactions.
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