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  2. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...

  3. Option contract - Wikipedia

    en.wikipedia.org/wiki/Option_contract

    An option contract, or simply option, is defined as "a promise which meets the requirements for the formation of a contract and limits the promisor's power to revoke an offer". [1] Option contracts are common in relation to property (see below ) and in professional sports .

  4. Lease purchase contract - Wikipedia

    en.wikipedia.org/wiki/Lease_purchase_contract

    A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.

  5. Housing: What is a land contract? Advantages ... - AOL

    www.aol.com/news/housing-land-contract...

    From the buyer’s perspective, purchasing a property on land contract combines the worst of buying and renting. Skip to main content. 24/7 Help. For premium support please call: ...

  6. How to buy land: A step-by-step guide - AOL

    www.aol.com/finance/buy-land-step-step-guide...

    The loan options for purchasing land differ from a home purchase mortgage and are usually more expensive. Land plots for sale can be difficult to find. Some real estate agents are Accredited Land ...

  7. Lease-option - Wikipedia

    en.wikipedia.org/wiki/Lease-option

    A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.

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