Thanks for your advice, I can see now there are many things to consider before entering into this type of agreement, I will seek some outside professional help before moving forward.

Thank you for your reply. Unfortunately the gifting scenario would require a lottery win, which, awesome as that would be, is a bit of a long shot.:-) When I started looking into a rent to buy scenario I thought this may be a practical arrangement that can benefit both of us. He will be able...

I am entering into a rent to own agreement with my son and have a few questions. Once we've established the purchase price and reviewed costs of running a home ( for budgeting purposes ) power, heat etc do I determine the additional amount to collect from him for deposit towards his down payment...