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Ernie Garcia, a landlord attorney, discusses the topic of rent-to-own deals in this video tutorial. These agreements vary in terms and give both landlords and tenants certain rights. The key issue in rent-to-own scenarios is the drafting of the agreement. For example, the tenant may purchase an option to buy the property and have a right of first refusal. It is important to carefully draft these agreements to clearly define the rights and responsibilities of both parties.
