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A rent-to-own agreement is a contract between a tenant and a landlord that outlines the terms of renting an apartment, with the option for the tenant to purchase it within a specified timeframe. This type of agreement differs from a standard lease in that it may assign more maintenance responsibilities to the tenant and typically involves higher rent, which can be partially or fully held in escrow until purchase. The agreement grants the tenant the privilege to buy the rented apartment before the landlord can sell it to someone else. While the seller is obligated to sell the property, the tenant is not required to purchase it if they choose not to.