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Ernie Garcia, a landlord attorney, discusses rent-to-own deals in this video. These agreements vary in terms and can give both landlords and tenants specific rights. Drafting an agreement is crucial in rent-to-own scenarios, where a tenant may have the option to purchase the property after signing a lease. This agreement can include a right of first refusal for the tenant. Properly drafting these agreements is essential to avoid any confusion or misunderstandings between the parties involved.
