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Ernie Garcia, a landlord attorney, discusses rent-to-own deals in this video tutorial. He emphasizes the importance of carefully drafting agreements to determine the rights of both landlords and tenants in such scenarios. These agreements can vary greatly and may even change the way parties refer to each other. One common arrangement involves a lease with an option to buy, where the tenant may have purchased this option. It's crucial to clearly outline all terms and conditions to avoid confusion and ensure a smooth transaction.
