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Save Rent to Own Agreement Template in PNG

Save Rent to Own Agreement Template in PNG

Aug 6th, 2022

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How to Save Rent to Own Agreement Template in PNG

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A rent-to-own agreement is a contract between a tenant and a landlord that outlines terms for renting an apartment, with the option for the tenant to purchase it within a specified timeframe. Unlike a standard lease, the tenant may have increased maintenance responsibilities and pay higher rent, which may be held in an escrow account until purchase. This type of agreement provides the tenant with the opportunity to buy the apartment before it is offered to others, while obligating the landlord to sell the property if the tenant chooses to proceed. However, the tenant is not required to purchase the property if they decide against it.

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