Landlords are you thinking about moving toward the sale of your property using a rent to own lease/purchase agreement?
This is a legal contract that obligates the tenant to purchase the property for an agreed-on price at the end of the lease period. A nonrefundable deposit can be applied to the down payment, and a small portion of the rent may be applied to closing costs. Bradford Miller Law can draw up all the legal documents you will need for this transaction which will include both an agreement of sale as well as a lease. These documents must have a clear start and stop date. And, you must keep in mind that until the closing, you are typically responsible for insurance, taxes and maintenance.
Give Brad a call so you can discuss this option. Bradford Miller Law can help you with all your real estate needs at a very reasonable rate. We can help you make the right decisions to help protect your assets. Our experienced Real Estate Attorneys have been representing real estate clients for several years now and have earned membership in the Better Business Bureau. Our website has information about our firm and information about buying or selling property. To discuss your pending or potential real estate transaction call us at 312-238-9298 for a Free 15-minute consultation.
Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com
Offering free legal representation to homeowners seeking a short sale
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Estate Planning Lawyer, Chicago leases, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate closings, Chicago building code violations, Short sale attorney Chicago. This is intended to be advertising. Please consult with an attorney before acting on any information given here.
