Rent-to-own is a real estate term relating to a real estate agreement which is composed of a rental lease and a purchase agreement where the tenant has the option to purchase the property at a fixed price at a specified point of time in the future. It is also known as lease to purchase option, lease option, a type of owner financing or lease-to-own. In this radio cast, we will cover how a buyer/tenant prepares him/herself or this type of purchase and how a homeowner evaulates a lease pruchase agreement.
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