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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 timeframe. Unlike a standard lease, this agreement may require the tenant to take on more maintenance responsibilities and pay higher rent, which can be placed in an escrow account until the purchase. The agreement provides the tenant the opportunity to buy the apartment before it is offered to others, while obligating the seller to sell; however, the tenant is not required to make the purchase if they choose not to.