QUOTE (VicChung @ Apr 30 2009, 10:05 PM) Hello Everyone,
For lease to own, does anyone add the tenant on title? The reason I would add a tenant on title to benefit from a 5% downpayment. If you do add the tenant on title, is there a conflict with the lease to own lease? Any legalities?
Thanks,
Vic
...your question is confusing. Are you the buyer or seller? ... wait ... after closer reading ... I think you are buying a property for a rent to own tenant.
The way you speak of title is confusing.
The only person on title is the same person holding the mortgage.
There is no way the tenant is on title - unless you are working together to get the property. (Using both of your incomes to qualify.)
Wow ... there are soo many options in this business!