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    Bill Freeman
    Freeman Realty Group
    104 Springdale Way
    Chapel Hill, North Carolina, 27517
    Office: 919 338-0788
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    what is a lease option? PDF Print E-mail

    What is a lease option?

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