Are Lease Purchase Agreements A Good Idea?

The advantages of a Lease Purchase Agreement are that the terms are agreed upon up front between the Seller and the Buyer.
The Buyer has the advantage that the Seller is a Landlord and has to comply with the Landlord Tenant Act, which includes making repairs to the property. The other advantage to the buyer is that if the property were to increase in value the Seller is contractually obligated to sell at the price agreed upon, while the buyer could sell to someone else at a higher sales price. The buyer may also have a portion of their rent go towards their down payment. The amount that is going towards the down payment should be verified by the Buyers Lender to make sure the amount will qualify. http://www.realestateresource.tv