Everyone can agree that the only constant in life is change. Just as there are all different types of change ranging from major to minor in life, so too are there types of change in estate planning. We’ve already talked about what to do if you want to entirely revoke a will but what if [...]
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In the last several months I’ve seen a couple Rent to Own Agreements relating to homes which have gone seriously wrong. A Lease Option is a type of rent to own agreement which relates to the purchase of a home. In these agreements a tenant usually agrees to lease the home at a higher price than they would normally rent the property. Often, the rent will be set aside and saved as part of a down payment and people are willing to pay above the market rate on rent because they believe they are essentially buying the house anyway.
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