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  2. Lease purchase contract - Wikipedia

    en.wikipedia.org/wiki/Lease_purchase_contract

    Lease purchase contract. A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.

  3. Estoppel certificate - Wikipedia

    en.wikipedia.org/wiki/Estoppel_certificate

    Estoppel certificate. An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and ...

  4. Rent-to-own - Wikipedia

    en.wikipedia.org/wiki/Rent-to-own

    Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...

  5. What can a seller do if a homebuyer backs out of the contract?

    www.aol.com/finance/seller-homebuyer-backs...

    Almost 56,000 home purchase agreements were canceled in June, it says, which amounts to about 15 percent of all homes that went under contract. Redfin attributes the trend to buyers being scared ...

  6. Can you back out of a house offer once it’s been accepted?

    www.aol.com/finance/back-house-offer-once...

    A standard real estate contract typically comes with a number of contingencies — these are the conditions that must be met in order for you to move forward with a home purchase. This includes a ...

  7. Who pays closing costs, the buyer or the seller? - AOL

    www.aol.com/finance/pays-closing-costs-buyer...

    There’s no set number when it comes to closing costs. Typically, homebuyers pay around 2 percent to 5 percent of the home’s sale price in closing fees, while sellers pay slightly more ...

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