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Blackout Rent to Own Agreement Template

Blackout Rent to Own Agreement Template

Aug 6th, 2022

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How to Blackout Rent to Own Agreement Template

4.9 out of 5

19 votes

A rent-to-own agreement is a document between a tenant and a landlord outlining the rental terms with the option for the tenant to buy the apartment within a set timeframe. Unlike a standard lease, this agreement may require the tenant to take on more maintenance responsibilities and pay higher rent, which can be placed in an escrow account until purchase. This agreement provides the tenant the opportunity to purchase the property before it is offered to others, with the seller obligated to sell. However, the tenant is not compelled to buy if they choose not to proceed with the purchase.

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