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In this video tutorial, Ernie Garcia, a landlord attorney, discusses rent-to-own deals. These agreements can vary in structure, giving both landlords and tenants specific rights depending on how they are drafted. One common arrangement is signing a lease with a tenant including an option to buy, which the tenant may have purchased for a set amount. Additionally, agreements may include a right of first refusal for the tenant. Drafting these agreements properly is crucial to ensure clarity and protect the interests of both parties.
