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Edit Rent to Own Contract

Edit Rent to Own Contract

Aug 6th, 2022

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How to Edit Rent to Own Contract

5 out of 5

33 votes

A rent to own agreement is a contract between a tenant and landlord outlining terms for renting an apartment, with the option for the tenant to purchase it within a specified time period. Unlike a standard lease, this agreement often requires the tenant to take on more maintenance responsibilities and pay a higher rent, which may be held in an escrow account until purchase. The agreement grants the tenant the privilege to buy the apartment before it's offered to others, while the landlord is obligated to sell, though the tenant is not compelled to purchase if they choose not to.

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