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Annotate Rent to Own Agreement Template

Annotate Rent to Own Agreement Template

Aug 6th, 2022

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How to Annotate Rent to Own Agreement Template

4.9 out of 5

31 votes

A rent to own agreement is a contract between a tenant and landlord that outlines the terms for renting an apartment, with the option for the tenant to purchase the property within a specified period. Unlike a standard lease, this agreement may require the tenant to manage more maintenance responsibilities and pay higher rent, which can be held in escrow until the purchase occurs. Such an agreement provides the tenant with the privilege to buy the apartment before it’s offered to others. While the seller is obligated to sell, the tenant is not required to proceed with the purchase if they choose not to.

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