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In this video tutorial, landlord attorney Ernie Garcia discusses the topic of rent-to-own deals. He explains that these agreements can vary in structure and give both the landlord and tenant specific rights. The key issue in rent-to-own scenarios is how the agreement is drafted, as it can determine the rights and responsibilities of the parties involved. For example, a lease with an option to buy may be signed, with the tenant purchasing the option for a set amount of money. The agreement may also include a right of first refusal for the tenant. Proper drafting of these agreements is crucial to ensure clarity and protection for both parties involved.
