New Hampshire Lease to Own Agreement
The New Hampshire Lease-to-Own Agreement, often referred to as a “Rent to Own Home” or “Lease Purchase,” is a versatile document that functions as both a standard lease and a purchase agreement. This type of contract is typically aimed at helping aspiring homebuyers who, unfortunately, cannot qualify for a loan or lack the necessary funds for an upfront down payment to acquire a property.
This arrangement allows tenants to rent a property while also having the option to purchase it at the end of the lease term. It can be particularly beneficial for those who need time to improve their financial situation, credit score, or save for a down payment. At the same time, property owners can secure a potential buyer for their property and generate rental income during the lease period.