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A rent to own agreement is a contract between a tenant and landlord that outlines the terms of renting an apartment, with the potential for the tenant to purchase it within a specified timeframe. Unlike a standard lease, this agreement often requires the tenant to assume more maintenance responsibilities and pay a higher rent, which may be stored in an escrow account until purchase. This arrangement provides tenants with the opportunity to buy the rented property before the owner sells it to someone else, ensuring the seller is obligated to sell. However, the tenant is not obligated to complete the purchase if they choose not to.