New Lease W/option

i am looking to buy a house with a lease w/option.how do you determine the montly payment and what % goes to the down payment.[ Edited by bigjohn70 on Date 02/14/2005 ]

Comments(1)

  • LarryNut14th February, 2005

    bigjohn70,

    Every blank on a contract is negotiable. The seller will ask for enough monthly payment to cover his payment plus whatever he needs for cash flow. Down payment - again, the amount and how it is applied is negotiable.

    Why would you want to build a garage and sink money into something you do not own?

    Larry

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