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Hello landlords, it's Ernie Garcia, landlord attorney, here to discuss rent-to-own deals. These agreements vary in structure and can impact the rights of both landlords and tenants. The key is drafting a clear and detailed agreement. For example, a lease may include an option to buy, purchased by the tenant for a fee, with additional terms such as a right of first refusal. Careful drafting is essential to protect the interests of both parties.
