Hammer Out the Details
Before you sign, knowing what you have to pay for and in what amount every month can prevent any confusion and possible points of contention between you and the current homeowner. You should definitely discuss which expenses you and the owner are individually responsible for. Things like an Option Fee, Monthly Rent, and Home Maintenance. Typically you do not worry about the taxes that go along with home ownership until you have purchased the home. Be sure to look over the contract before signing to make sure that the owner did not name you responsible for paying these taxes as he/she is legally responsible for paying the taxes as the current owner.