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Ernie Garcia, a landlord attorney, discusses rent-to-own deals in this video tutorial. These agreements can vary in terms and give both landlords and tenants certain rights. Drafting the agreement is crucial, with some agreements even changing the traditional landlord-tenant dynamic. A common scenario is signing a lease with an option to buy, where the tenant may have purchased the option for a fee. The agreement may also include a right of first refusal for the tenant and other specific terms.
