Hawaii Lease to Own Agreement
The Hawaii Lease to Own Agreement offers individuals and couples alike that are looking to purchase a home but cannot afford the down payment, or have a poor credit score, an alternative method for obtaining the property of their dreams. The Lease to Own (also called a Rent-to-Own), requires the tenant(s) to rent the home or condo for a set amount of time, the end of which they are given the option (not the requirement) to purchase the property. In most cases, the owner and tenant(s) will come up with a sale price during signing. This often benefits the tenants, as homes typically appreciate with time.