Editing Lease purchase contract (section)

==Elements==

Elements of a lease purchase contract typically include:
* ''Property value'' - The agreed sale price of the property.
* ''Duration'' - The time frame of the agreement.
* ''Monthly payment'' - How much the lessor will be paying monthly.
* ''Rent credit'' - How much of the lessor's monthly payment will go to the eventual purchase price at the end of the lease.
The contract will also generally include terms that relate to repairs and maintenance and, for real estate transactions, how such expenses such as [[property tax]]es and [[homeowner association]] fees will be paid.