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Save Rent To Own Agreement in PNG

Save Rent To Own Agreement in PNG

Aug 6th, 2022

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How to Save Rent To Own Agreement in PNG

4.6 out of 5

48 votes

A rent-to-own agreement is a contract between a tenant and landlord outlining rental terms, allowing the tenant the option to purchase the apartment within a specified timeframe. Unlike a standard lease, this agreement may require the tenant to handle more maintenance responsibilities and pay higher rent, with some funds potentially held in escrow until the purchase. This arrangement benefits the tenant by offering the privilege to buy the property before it's offered to others. While the seller is obligated to sell, the tenant is not required to purchase if they choose not to.

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