Illinois Rent to Own, Lease Purchase & Lease Option Homes
RentalHouses.com offers Illinois homes throughout the state for buyers-tenants seeking a gateway from renting to selling and for sellers-landlords looking for a purchase commitment. A lease purchase in Illinois allows the buyer-tenant to pay a more substantial deposit than in a normal lease, regular rent and a rent premium that goes toward the eventual purchase of the home when the lease has expired. An Illinois lease option is another alternative and generally has the same guidelines as a lease purchase, except the tenant is not obligated to buy the home at the end of the lease.
Successful Illinois lease purchase or option agreements hinge on thorough contracts and planning by both parties. Rent-to-own homes in Illinois allow buyers-tenants time to raise their credit or save money while providing sellers-landlords sale security not afforded them in normal leases. So, if you’re a buyer or a seller looking for Illinois lease-to-own homes, let RentalHouses.com find lease purchases and lease options for you today.
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