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Thursday, July 22, 2010

Pros and Cons of a Lease Purchase Contact

A lease purchase agreement is a contract between the buyer and seller in a real estate transaction. Lease purchase contracts are commonly known by terms like lease option, lease with option to buy, lease purchase, LP and lease and purchase agreements.

Read more at Suite101: What is a Lease Purchase Agreement?: An Alternative Financing Option to the Conventional Mortgage Loan

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