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in this video were going to learn the difference between a lease option agreement and the lease purchase agreement and also the pros and cons of doing rent to own when youre trying to buy a house a lease option agreement is a contract that gives you the option to purchase the home at the end of the lease but youre not obligated to do so so lets say you fall in love with the home and at the very end of the lease you decide to change your mind for whatever reason youre legally allowed to do so now at least purchase agreement is a little different its a contract that legally obligates you to purchase the house after your lease ends there isnt any changing in mind once the contract is signed the only way to get out of this contract is to hire a lawyer that will cost you a few thousand dollars so if youre not a hundred percent sure go with your lease option agreement now were going to get into the pros and cons of doing rent to own so lets do the pros first number one Once the lea
