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Roger
Roger, Lawyer
Category: Real Estate Law
Satisfied Customers: 31566
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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Someone wants to buy my house as a rent-to-own. Where do I

Customer Question

someone wants to buy my house as a rent-to-own. Where do I start?
Submitted: 10 months ago.
Category: Real Estate Law
Expert:  Roger replied 10 months ago.

Hi - my name is ***** ***** I'll be glad to assist.

Expert:  Roger replied 10 months ago.

You need a contract for deed, which is basically a rent-to-own agreement for real estate. There are samples online, such as the one at this link: http://texascbar.org/legal-library/toc/real-estate/contracts-for-deed/

Expert:  Roger replied 10 months ago.

You can also hire a local lawyer to draft you something that would be specific to your issues, instead of a generic form.

Expert:  Roger replied 10 months ago.

So, you should work out your payment terms with the buyer and then put together an agreement that sets this out.