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Ernie Garcia, a landlord attorney, discusses rent-to-own deals in this video. These agreements vary in terms and may give landlords and tenants specific rights. Drafting the agreement is crucial in defining these rights, such as including a lease with an option to buy. The tenant may have paid for this option, and the agreement may also include a right of first refusal for the tenant. The terms of the agreement will determine the rights and responsibilities of both parties involved.