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Updated over 6 years ago on . Most recent reply

User Stats

305
Posts
361
Votes
Keith Jourdan
  • Property Manager
  • Metro Detroit, MI
361
Votes |
305
Posts

Can a tenant sell a “rent to own” home

Keith Jourdan
  • Property Manager
  • Metro Detroit, MI
Posted
Say you enter into a rent to own agreement with a tenant . The option price after all payments are made is $100k Before they make all the payments , can the tenant put the house up for sale ? Paying you the $100k and walking away with any profits ? Owner would obviously have to sign at closing . Just wondering if they are similar to land contracts in this way .
  • Keith Jourdan
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