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Erase Rent to Own Agreement Template

Erase Rent to Own Agreement Template

Aug 6th, 2022

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Easy guide on how to Erase Rent to Own Agreement Template

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How to Erase Rent to Own Agreement Template

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A rent to own agreement is a contract between a tenant and a landlord outlining the rental terms for an apartment, with the option for the tenant to purchase the property within a specified period. This agreement differs from a standard lease in that it typically requires the tenant to handle more maintenance responsibilities and pay a higher rent, which may be held in escrow until the purchase. The agreement grants the tenant a privilege to buy the property before the landlord sells it to a third party, obligating the landlord to sell but not binding the tenant to purchase it.

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