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Move Page Rent to Own Contract

Move Page Rent to Own Contract

Aug 6th, 2022

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How to Move Page Rent to Own Contract

4.7 out of 5

32 votes

A rent-to-own agreement is a contract between a tenant and a landlord that outlines the terms of renting an apartment, with the option for the tenant to purchase the property within a specified time frame. Unlike a standard lease, this agreement may require the tenant to assume greater maintenance responsibilities and pay a higher rent, which can be held in an escrow account for the future purchase. The agreement provides tenants the opportunity to buy the apartment before it is offered to others but does not obligate them to make the purchase. The seller is required to sell if the tenant chooses to buy, but the tenant can opt out of the purchase at their discretion.

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