Asked by Tom, Nashua, NH • Tue Jul 10, 2012
We would love to sell our rental property to our current tenant. He is unable to get loan approval and we cannot afford to lose him as a tenant if we are unable to sell to another buyer. Is there any benefit to a rent to own agreement? Is the agreement drafted by a lawyer or a bank? Is there any benefit to us? Finally, would this hurt our credit?
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