Finance Agreements

These agreements are usually more or less charitable and often explicitly stipulate that the latter party must pay a proportionate share of the mortgage payment as well as expenses such as homeowners` insurance and property taxes. In some joint equity financing agreements, the investing party also receives a portion of the profits, in return for at least part of the down payment, if the occupying party succeeds in selling the home. The difference between credit and leasing is relatively simple, but equipment financing agreements blur the line between credit and leasing. In this section, we describe some of the main features of loans, leasing contracts and financing contracts and highlight one of the main differences, namely ownership.

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