Fresno, CA asked in Real Estate Law for Tennessee

Q: What should be included in rent to own contract by private seller?

I am buying a home in Tennessee. I put $10,000 down on a rent-to-own home. Payments will be $880 per month (including insurance), owner carrying the balance of $85000. I can pay off early with no penalty. I have not signed a contract yet, what should I make sure is included in the contract?

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1 Lawyer Answer
Bennett James Wills
Bennett James Wills
  • Brentwood, TN
  • Licensed in Tennessee

A: This is a complex question. Depends on what you ultimately want. Land contracts are usually complicated. Take any proposed contract to an attorney to discuss your wants and needs and to make suggestions.

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