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The Owners do prefer a Straight Sale with Conventional
Financing, but due to the credit market problems with the banks, the Owners
are offering a Lease Purchase Option. A Straight Rental (with no
purchase option) on the entire unit will be considered, but Owners
prefer a Lease Purchase Agreement, or Straight Sale.
We have a 4 page, extremely detailed financial paper that goes
over how the lease purchase works, charts the amortization of Principal
towards purchase etc. The Lease purchase provides you with 80% of all
your Rent Payments being applied to the Purchase price during the 1st 2 years,
and then reduces over a total of 8 years. 4 Pages of Very
Detailed Information in PDF - Click Here |