OT: Lease to Own...what do I need to know?

[AUrosmith]

Im moving and have my home FSBO. I've had a couple potential buyers inquire about a Lease to Own option. What questions do I need to ask them? What percentage should I ask as a down payment? I've heard 3-5%. What are the potential risks (for me)? What additonal requirements should add to a contract? I was initially asking for a 12mo lease then buyer must by after that. Is 24mos good/bad?

Thanks in advance

 

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