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Ernie Garcia, landlord attorney, discusses the topic of rent-to-own deals in this video tutorial. These agreements can vary greatly in terms of rights for both landlords and tenants, depending on how they are drafted. Some agreements may even prevent the parties from referring to each other as landlord and tenant. Key issues in these scenarios include the drafting of the agreement, such as signing a lease with an option to buy or granting the tenant a right of first refusal. Understanding the specifics of the agreement is crucial for both parties involved in rent-to-own deals.
