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Ernie Garcia, a landlord attorney, discusses rent-to-own deals in this tutorial. Landlords must carefully draft agreements, as they can give both landlord and tenant certain rights. These agreements can vary in terms and terminology, sometimes even changing how the parties refer to each other. One common scenario is a lease with an option to buy, where the tenant purchases the option. Drafting is crucial in these deals to ensure clarity and protect the interests of both parties.
