The purchase price of the property is fixed at the time that the rent to buy house purchase agreement is signed by both parties. Depending on the state of the housing market, over time, this could favour either the vendor or the purchaser.
If property prices fall, this will usually favour the seller as he or she will obtain a higher price than might otherwise have been achieved. However, if the buyer thinks that a better deal can be found elsewhere, he could decide to forfeit the option fee and rent premium and walk away from the agreement.
A rising property market will favour the buyer as he or she will be able to buy the property at below the current market value – 東京都-武蔵村山市-新築戸建. The only risk to the tenant-purchaser is if the seller tries to wheedle his way out of the deal on a technicality and may even attempt to have the potential purchaser evicted. Therefore, it is essential that sound legal advice is obtained by the buyer and the lease purchase contract is scrutinised in great detail in order to ensure that no potentially serious loopholes exist in the agreement contract.
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