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Nashville News
Local news for Nashville, TN continually updated from thousands of sources on the web.

Contact Information

Brandon Patrick
Reliant Realty
256 Seaboard Lane E105
Franklin, TN, 37067
Office: 615-724-7071
Cell: 615-578-7507
Lic. #: 257858
what is a lease option? | Print |

What is a lease option?


When a renter signs a lease with an option to purchase a 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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