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Combine Rent to Own Contract

Combine Rent to Own Contract

Aug 6th, 2022

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How to Combine Rent to Own Contract

4.6 out of 5

70 votes

A rent to own agreement is a contract between a tenant and landlord outlining rental terms with the option for the tenant to purchase the apartment within a specified timeframe. Unlike a standard lease, this agreement typically assigns more maintenance responsibilities to the tenant and involves higher rent, which may be held in escrow until purchase. This arrangement provides the tenant the opportunity to buy the rented property before it is offered to others, with the seller obligated to sell. However, the tenant is not required to purchase the property if they choose not to.

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