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August 13, 2012CONTACT James R. Kroger, CPA 415.356.8000 jim.kroger@novoco.comCONTACT Michael J. Novogradac, CPA 415.356.8000 michael.novogradac@novoco.com FOR IMMEDIATE RELEASED MAPPING TOOL PRESENTS
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Understand the terms of the lease-to-purchase agreement. Make sure you know the duration of the lease, the monthly payment amount, and any additional fees or costs.
02
Review your budget to ensure you can afford the monthly payments and any upfront costs associated with the lease-to-purchase option.
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Complete any required paperwork or applications correctly and submit them to the lease-to-purchase provider.
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Individuals or families looking to eventually own a home but may not have the financial means to do so outright.
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The lease-to-purchase option expands affordable housing opportunities by allowing individuals to rent a property with the option to buy it at a later date.
Individuals or organizations involved in providing or utilizing lease-to-purchase options for affordable housing are required to file.
To fill out the lease-to-purchase option expands affordable form, individuals or organizations need to provide information about the property, rental terms, purchase option details, and affordability criteria.
The purpose of lease-to-purchase option expands affordable is to increase access to affordable homeownership opportunities for individuals and families.
Information such as property details, rental terms, purchase option terms, and affordability criteria must be reported on the lease-to-purchase option expands affordable form.
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