Lease-option is a rental agreement that gives the tenant the right, but not the obligation, to purchase the property at a predetermined price before or at the end of the lease term. The tenant pays an upfront option fee (typically 1–5% of the purchase price) to secure this right. If they choose not to buy, they walk away — but usually forfeit the option fee and any rent credits.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
