A interested buyer is asking us if we will lease to ... - Zillow Real ...

Lease purchase is very tricky, and rarely comes to closure.?? I wouldn't do it, but if you do work up a contract with an attorney.

Ask for a substantial down payment (I'd go for 20%, 10% and above are common).? Make it non-refundable.

The monthly payment would be fair market rent plus an amount that goes towards the purchase.? The whole rent does not go to purchase.

If you are purchasing your grandmother's house, you will need to qualify for both your current mortgage as well as the current house mortgage, and can't count the rent.

Source: http://www.zillow.com/advice-thread/A-interested-buyer-is-asking-us-if-we-will-lease-to-purchase/466523/

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