Cohousing-L Mailing List: Re: Community ownership of a rental property --> rent-to-buy

(continued)

On 2 May 2012, at 2:00 PM, John Carver wrote:

> I've wondered about exploring the Islamic style of purchase. Charging 
> interest on loans is against Sharia law, so they get around it by making 
> payments that are partly rental, partly purchase. The property is 
> transferred piece by piece somehow.

What if part of the rental fee is deposited in an escrow account that goes to 
the buyer for the downpayment if they buy, otherwise it goes to the 
community/owner.

Sharon
----
Sharon Villines, Washington DC 
Where all roads lead to Casablanca

Re: Community ownership of a rental property --> rent-to-buy	<– Date –> <– Thread –>
From: Sharon Villines (sharonsharonvillines.com)
Date: Wed, 2 May 2012 13:05:55 -0700 (PDT)