Beware if You Are Thinking of Leasing A Furnace Or Air Conditioner
Beware of leasing contracts for Furnaces and Central Air Conditioning. The cost of buying a new furnace or Central Air Conditioning can be a large expense especially if you have to buy both a furnace and Central Air Conditioning Unit.
Although the new high efficiency units can save you money over time, the initial expense is not something everyone can afford.
Thus, renting Furnaces and Central Air Conditioning units has become popular in recent years.
The one thing consumers should be cautious about before signing that rental agreement is to read the fine print. Most agreements that I have seen are open ended agreements, which means there is no ending date.
Another thing you should consider carefully is the buyout of the units. This can also be very costly, especially if you are thinking of a buyout in the first few years of your agreement.
This could also become a problem when selling your home. Unless you are prepared to buyout the sales contract, as most Buyers are not prepared to do that. It is also essential you disclose this for the Buyers before they submit an offer, and provide them with a copy of the Rental Agreement.
High efficiency unit can save you substantially on your energy bills. The high efficiency furnaces today are so well made now you can get one with a 95% efficiency rating.
What does mean to you? This efficiency converts to more $$$$’s in your pocket on your monthly energy bill.
FURNACE RENTAL AGREEMENTS
So, if you are thinking of renting a furnace or central air conditioning, please take the time to read the contract very carefully before you sign, and know exactly what you are getting into.
If you are planning on selling your home, please ensure your realtor is aware of these rentals…. it is your responsibility as a home owner to buy out these units and provide clean title to the new owner if they are not willing to accept the terms and conditions of the rental units.
Listing agents, do your due diligence when you list a property. Ask the Seller if they have any rental items, and ensure it is posted on the listing so buyers are aware.
Visit my website for information on buying or selling real estate: www.gloriavalvasori.com
If you are Buying Real Estate: https://www.gloriavalvasori.com/buying/
For information on Selling Real Estate: https://www.gloriavalvasori.com/selling/
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