No. You need a contract drawn up by a lawyer. the contract should include what percentage of your rent payment goes toward the down payment. Also what happens to that money if the current owner sells or loses the house. Do you get reimbursed. What Happens if you change your mind. what happens if you do not qualify for a mortgage. How much must the down payment be. How long are you allowed before you must get a mortgage. A standard lease will not protect you.
Usually only a portion, but you need to read the agreement, if nothing is stated nothing is credited.
Read your lease.
You and the house owner need to come to an agreement about that from the get-go.
– Stuart
No. You need a contract drawn up by a lawyer. the contract should include what percentage of your rent payment goes toward the down payment. Also what happens to that money if the current owner sells or loses the house. Do you get reimbursed. What Happens if you change your mind. what happens if you do not qualify for a mortgage. How much must the down payment be. How long are you allowed before you must get a mortgage. A standard lease will not protect you.
Maybe, maybe not. It all depends on what you contractually agreed to do.
Nobody here can even begin to answer your question without reading your lease/option contract.