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A rent-to-own agreement is a contract between a tenant and a landlord outlining rental terms with the option for the tenant to purchase the apartment within a specified timeframe. Unlike a standard lease, this agreement often requires the tenant to take on additional maintenance responsibilities and pay higher rent, which may be held in escrow until purchase. This arrangement benefits the tenant by granting them the opportunity to buy the property before it is offered to others, while obligating the landlord to sell. However, the tenant is not required to make the purchase if they choose not to.