What is the average percentage of rent that would go toward the down payment for a house with a land contract agreement?
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Eric Redman / Redman Ludwig, P.C.
Answered 3 months ago
This attorney is licensed in Indiana
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you need to figure what a normal rent would be for the property. the landlord should get that. any amount over the normal rent should be applied to purchase price and maybe 10% of the normal rent figure also.