Rent to Own also known as a 'lease-option", is
the process whereby you rent a property and buy
the right to purchase the same property at some
time in the future at a given price.
Your rental down payment (instead of a security
deposit) and a portion of the monthly rental
payment goes towards the down payment when
you execute the purchase option.
You are under no legal obligation to buy the
property ('exercise your option') if you determine
that doing so is not in your best interest.
With a Rent to Own, you can build your equity
while you are renting. Plus, you can lock in
today's prices to buy later.
the process whereby you rent a property and buy
the right to purchase the same property at some
time in the future at a given price.
Your rental down payment (instead of a security
deposit) and a portion of the monthly rental
payment goes towards the down payment when
you execute the purchase option.
You are under no legal obligation to buy the
property ('exercise your option') if you determine
that doing so is not in your best interest.
With a Rent to Own, you can build your equity
while you are renting. Plus, you can lock in
today's prices to buy later.
Your official source for Rent To Own properties and purchase options on home rentals
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