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Messick Realty Group
Vancouver/Portland area, ,
Cell: 360 521 6761
Fax: 360 397 7954
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We have certain homes that owners will carry a contract
what is a lease option? | Print |

What is a lease option?

When a renter signs a lease with an option to purchase a Greater Portland/Vancouver property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to a future down payment.
Lease options are most popular among buyers who don't have enough funds for a down payment and closing costs.

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Last Updated ( Wednesday, 30 July 2008 )
 
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