Rent to own in Tampa?

[Andre Crabb]

Hey BP,

So I’ll be moving to Tampa later this year.

Initially I was thinking of buying a house. But I haven’t spent much time in Tampa so I was thinking of renting. However I don’t want to jump into a 12-month lease and then find a house I like halfway through and break the lease.

So I was thinking, how can I find rent to own opportunities in Tampa? Then if I find a place I like I can rent and then keep it if I choose.

Are there websites for this sort of thing?

Cheers,

André

[Obed Calixte]

Hello there Andre - hope the previous neighborhood info was helpful.

In regards to this post I will caveat that I have not closed a lease/option deal aka "Rent-to-Own" however I will share what I do know to give you initial guidance until others chime in.

There are ways to find lease options - including but not limited to dedicated sites such as homepartners.com, some new construction homebuilders to on/off market properties that can be seller financed. 

Now there are some things to consider with a lease option:

1- generally will require an initial 1 year lease

2-generally requires a non-refundable fee for the "option agreement". The option agreement is what gives one the option to buy the home without being obligated to purchasing it

3- more involved process than simply signing a lease or a purchase agreement

If your main objective is to prevent breaking a lease, finding a property with "month to month" leasing may be your best bet. 

Hope that helps in the interim!