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A rent to own agreement is a contract between a tenant and landlord that outlines the terms of renting an apartment with the option for the tenant to purchase it within a specified time frame. Unlike a standard lease, this agreement typically requires the tenant to assume more maintenance responsibilities and pay higher rent, which may be held in escrow until the purchase. The primary benefit is that it grants the tenant a privilege to buy the property before it is offered to others, while obligating the seller to sell if the tenant chooses to proceed. However, the tenant is not obligated to purchase the property if they decide against it.