You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!
The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.
There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?
This is the Ultimate Caveat Emptor!
Good luck and May God bless
There are MANY potential pitfalls with lease purchase transactions. You really don't want a company which handles their own properties or which is involved in the purchase and sale or which represents both the owner/seller and you. Instead you want a NC licensed real estate broker and NC real estate attorney to EXCLUSIVELY represent you in any lease purchase transaction and to investigate the title, condition of the property, your ability to get a loan in the future and all legal documents. I can provide the name of a real estate leasing company if you contact through profile. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click.