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A rent to own agreement is a contract between a tenant and a landlord outlining rental terms with the option for the tenant to purchase the property within a specified timeframe. Unlike a standard lease, this agreement typically involves the tenant assuming greater maintenance responsibilities and paying higher rent, which may be placed in an escrow account towards the purchase. This agreement provides the tenant the opportunity to buy the apartment before the landlord sells it to someone else. While the seller is obligated to sell if the tenant wishes to buy, the tenant is not required to proceed with the purchase if they choose not to.