Rent2buy checklist

SELLER/LANDLORD/OWNER OF RECORD:

1.      1^st Person/Entity Full name (1^st name & LAST NAME)………………………………………………………………

2.      2^nd Person/Entity Full name (1^st name & LAST NAME)………………………………………………………………

3.      Residential/mailing address……………………………………………………………………………………………………..

4.      Property 1^st Mortgage

• lender’s name………………………………………………………………………………………………………………….
• balance…………………………………………………………………………………………………………………………..
• Interest rate (fixed or variable)……………………………………………………………………………………………
• Loan Start date & Nos of years remaining on loan………………………………………………………………….
• payments each month………………………………………………………………………………………………………..

5.      Property 2^nd Mortgage

• lender’s name………………………………………………………………………………………………………………….
• balance…………………………………………………………………………………………………………………………..
• Interest rate (fixed or variable)……………………………………………………………………………………………
• Loan Start date & Nos of years remaining on loan………………………………………………………………….
• payments each month………………………………………………………………………………………………………..

6.      Property 3^rd Mortgage

• lender’s name………………………………………………………………………………………………………………….
• balance…………………………………………………………………………………………………………………………..
• Interest rate (fixed or variable)……………………………………………………………………………………………
• Loan Start date & Nos of years remaining on loan………………………………………………………………….
• payments each month………………………………………………………………………………………………………..

7.      Property Other Liens or Encumbrances

• (Name the of the entity the money is owed to)……………………………………………………………………….
• balance…………………………………………………………………………………………………………………………..
• Penalty Interest rate (monthly or yearly)………………………………………………………………………………..
• payments each month………………………………………………………………………………………………………..

PROPERTY BEING LEASED PURCHASE

• Contract start date……………………………………………………………………………………………………………
• Contract END date (5yr later & minus 1day. Therefore if start date is 2Feb2011, end date is 1Feb2016)
• Address of the Dwelling being leased purchase:……………………………………………………………………..
• LEGAL DESCRIPTION ADDRESS (e.g. lot)……………………………………………………………………..
• …………………………………………………………………………………………………………………………………….
• Current Weekly/Monthly RENT (or agreed/market rent on the property):…………………………………..
• Date Weekly/Monthly RENT is due (this can be same as Contract start date)……………………………..
• The agreed purchase price (within 5yrs) Minus arrears and minus the Landlord/Seller real estate agents commission……………………………………………………………………………………………………………………..

[whohit] Rent2buy checklist [/whohit]