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'Blog post: New Interest Rates for Chicago - Time to Update Your Lease' Rent to Own

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Blog post: New Interest Rates for Chicago - Time to Update Your Lease

This forum post has messages dated from 11/19/10 through 05/19/11, please be sure to read all the messages. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.

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Jenette

Amargosa Valley, Nevada

Blog post: New Interest Rates for Chicago - Time to Update Your Lease

To the Residential Landlord Tenant Ordinance (RLTO). The new rate is .073%. It is important that landlords update their lease forms ...to be in full compliance with RLTO. Failure to comply can expose a landlord to significant liability. Consult with your own ...to learn more or contact a Rent Smart agent for a reference to an attorney familiar with these matters. ...to like this post. No comments Post your own or leave a trackback: Trackback URL ...to Update Your Lease" trackback:ping="http://rentsmartchicago.wordpress.com/2009/12/31/new-interest-rates-for-chicago-time-to-update-your-lease/trackback/" /> -->

Marynor

If I were to choose I would go for rent to own. I think it is better because while you are living in the house you can only pay the rent until such time you can own the property. However, it is important that there is a clear document stating the agreement for rent to own. If new interest rates apply I think it should also be stated well in the agreement.

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