Long Term Lease With Option To Buy In Houston
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The short answer is yes: Renters usually have options for breaking their lease to buy a house. The long answer is that it depends on how you go about this, and how it works depends on your lease agreement and your landlord.
For example, a tenant and landlord may agree to a five-year lease with a five-year option to renew. At the end of the first five years, the tenant is given the chance to continue the lease for another five years. If you think you may renew, be sure to bring up extension provisions with your landlord.
The short answer is yes: Renters usually have options for breaking their lease to buy a house. The long answer is that it depends on how you go about this, and how it works depends on your lease agreement and your landlord.
"Contracts for Deed" - Contracts for deed, sometimes referred to as "rent to own" financing arrangements, are legal in Texas.
Rent to own in TX is illegal but Coldwell Banker (and other brokers I am sure) here has a partnership with Home Partners of America I would look them up and see about getting certified not a bad program.
RentToOwnLabs - This site offers a comprehensive listing of rent-to-own properties across the United States, along with resources for potential buyers. Zillow - While primarily a real estate listing site, Zillow has a filter option for rent-to-own homes. HomeFinder LeaseOptions
