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In this episode of Real Estate 101, Daryl Williams discusses lease purchase agreements, based on his recent experiences. A lease purchase agreement is a rent-to-own contract between a tenant and landlord, allowing the tenant to buy the property later. The renter pays an option fee for exclusive rights to purchase at a predetermined price. This agreement establishes the purchase price to be paid at the end of the lease term, ensuring both parties are aware of the financial terms involved. Daryl invites viewers to like, subscribe, and share the video before delving deeper into the technical aspects of the topic.
