Should I sell my flip as a Lease to Purchase? How?

I have a house that I recently renovated and am trying to sell. After a couple months on the market and no offers, I’ve been approached by someone who wants to buy, but needs to lease for 6-12 months while she builds up her credit (recently divorced and no credit in her name).

How do these usually work? What % of rent typically goes toward the purchase price and do you get a downpayment up front?

How would I structure this? I don’t see being able to put any of her rent toward purchase price…in fact, I will probably have to supplement the mortgage payment.

Does anyone have a Lease to Purchase contract you could email me? THANKS!!

Every thing is negotiable. How much goes towards purchase price depends on how much you are willing to give up. Same thing as the Option consideration.

Never use words like downpayment when considering Lease Option.

Contracts are in a lot of courses that you should have your lawyer take a look at.