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A rent to own agreement is a contract between a tenant and a landlord outlining terms for renting an apartment, with the option for the tenant to purchase the property within a specified timeframe. Unlike a standard lease, this agreement may require the tenant to take on more maintenance responsibilities and pay a higher rent, which can be held in escrow until purchase. The agreement benefits the tenant by granting them the right to buy the apartment before the landlord offers it to others. Although the seller is obligated to sell, the tenant is not required to follow through with the purchase if they choose not to.