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A rent to own agreement is a contract between a tenant and a landlord outlining terms for renting an apartment, with the option for the tenant to purchase it within a specified timeframe. Unlike a standard lease, this agreement often requires the tenant to take on more maintenance responsibilities and may involve higher rent, which can be partially or fully held in an escrow account until the purchase. This type of agreement grants the tenant the privilege to buy the property before the landlord can sell it to someone else. While the seller is obligated to sell, the tenant is not required to make the purchase if they choose not to.