Nebraska Lease to Own Agreement

The Nebraska Lease to Own Agreement can provide as an advantageous method of revenue generation for property owners who have had difficulty in selling their home, either due to market conditions or other factors. Instead of keeping the property on the market, homeowners can draft a rent-to-own agreement which grants the tenant(s) with the option (not the requirement) to buy the home at the end of the lease. Another benefit to homeowners is that tenants typically go into the agreements with the expectation of making the purchase – as a portion of rent payments are saved and collectively used to aid tenant’s in the down payment; if the home is not purchased, this amassed money is kept by the homeowner.