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A rent-to-own agreement is a contract between a tenant and a landlord outlining the terms of renting an apartment with the option to purchase it within a specified timeframe. Unlike a standard lease, a rent-to-own agreement often requires the tenant to take on more maintenance responsibilities and pay higher rent, which may be held in escrow until purchase. This arrangement provides the tenant the opportunity to buy the property before it is offered to others, ensuring the seller is obligated to sell. However, the tenant is not required to purchase the property if they choose not to.