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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 the property within a specified timeframe. Unlike a standard lease, the tenant typically assumes more maintenance responsibilities and pays higher rent, which may be held in escrow until purchase. This agreement benefits the tenant by providing the opportunity to buy the rental unit before it is offered to others. While the seller is obligated to sell the property, the tenant is not required to proceed with the purchase if they choose not to.