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Underline Rent To Own Agreement

Underline Rent To Own Agreement

Aug 6th, 2022

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How to Underline Rent To Own Agreement

4.7 out of 5

62 votes

A rent-to-own agreement is a contract between a tenant and a landlord outlining the terms of renting an apartment, with the option for the tenant to purchase the property within a set timeframe. Unlike a standard lease, the tenant may assume more maintenance responsibilities and pay higher rent, which can be deposited in an escrow account for future purchase. This agreement grants the tenant the privilege to buy the apartment before the landlord can sell it to someone else. The seller is obligated to sell the unit, but the tenant is not required to complete the purchase if they choose not to.

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