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RENT TO OWN
Posted on January 25, 2013 | Leave a comment Recent Posts
RENT TO OWN
Willard Fuller
HISTORY Archives
January 2013
United
Kingdom and
the European Categories
countries were real state
the first to owe
the concept of Meta
Rent to Own
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RENT TO OWN
the first rent- WordPress.com
to-own retail
stores were first emerged in United Kingdom was Lotus
Radio, which started to give radios on rent whereas in
United States it was started in 1950’s and 1960’s. Folks
also marked their place in the history of the rent-to-own
transaction like in 1963 at Kansas;J. Ernest Talley
started Mr. T’s Rental in Wichita and later on established
Rent-A-Center.
MEANING OF RENT TO OWN
Rent to own is a legally documented transaction and also
known as rental-purchase. In this business substantial
properties like home-appliances, furniture, gadgets etc…
are leased for a weekly or monthly payment and also
having an option of purchasing it in future, every rarely
they would ask you for down payment. In addition to
this, you can terminate it at any point with the return of
agreement. The Rent to own expression is normally
related with consumer’s possessions.
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3. TRANSACTION STRUCTURE
Rent to own agreements are based on a weekly or
monthly leasingphrase. In this method the lessee at the
end of the month or week can make changes in their
payments by just renewing it or at any point of time they
can quit the agreement by returning the concrete
material. It is not compelled that the customer can
decide to carry onby making period payments on the
products for a pre-specified age of time, at which position
they would own the good completely. A substitute for
this is that to pay off the remaining balance at any point
of time, in order to become a permanent owner of the
particular good.
In 2000 a survey had been conducted by Federal Trade
Commission, in United States and reported that
consumers love to engage in Rent to own transactions
for many of the reasons, including “the lack of a credit
check”, “the ability to obtain merchandise they otherwise
could not”, and “the convenience and flexibility of the
transaction” but the dissatisfactory part is the high
prices that is tagged in the goods. In addition, many of
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4. them reported the bad treatment of the employees in
relation with late rentals payments, mending services
and added costs.
RENT to OWN HELPS BAD CREDIT
When you go for Rent to own the landlords check for
your Credit score potential tenants. They would have
check for your past rental activity, income and inquire
about the pets also. If you have no pets, have
sufficientreturns to cover the lease and most landlords
can overlook the low credit keep countparticularly if you
can explain the situation that led to the low score they
will provide you the goods. Some of the landlord’s wont
check your credit scores if they have already checked for
all the required information’s. Occasionally it’s a superior
idea to meet up with the landlord first and clarify your
condition and about your credit score and put on a
qualitynotion with them. It shows them that you are
asincerebeing.
BENEFITS OF RENT to OWN
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5. Procure below
bazaar value
Buy in
locations you
like best
Tenants can
move in straight away
MY
FINALE
According to my search and knowledge Rent to own
business are very helpful for those customers who can’t
afford to buy the possessions at down payment.
see this post…
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