Real Estate Practice : Lesson 1054

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Education & Training with The Real Estate Mart of Tennessee, Inc. TN LIC# 290452

                                                              #1054

In lease-option type situations the rent charged to the tenant is rarely higher than the fair market rent for the property.

Is this fact true or false ?

Please take your time. The solution is posted below the wildlife photo.

wildlife

A. False

The rent is usually higher than the market rate in a lease-option contract because the tenant has the option to purchase the property.

Check with your attorney or research the fair market rental rates.

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