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Save Rent to Own Contract in JPG

Save Rent to Own Contract in JPG

Aug 6th, 2022

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How to Save Rent to Own Contract in JPG

4.8 out of 5

71 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 it within a specified time frame. This agreement differs from a standard lease as it typically requires the tenant to assume more maintenance responsibilities and pay higher rent, which may be placed in an escrow account until the purchase. The primary advantage of this type of agreement is that it grants the tenant the opportunity to buy the apartment before it is offered to others, while the landlord is obligated to sell the unit. However, the tenant is not compelled to make the purchase if they choose not to.

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