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Underline Rent to Own Agreement Template

Underline Rent to Own Agreement Template

Aug 6th, 2022

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How to Underline Rent to Own Agreement Template

4.8 out of 5

13 votes

A rent to own agreement is a contract between a tenant and a landlord detailing the rental terms of 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 handle more maintenance and pay a higher rent, which can be held in escrow until purchase. The agreement gives the tenant a privilege to buy the property before it’s offered to others, while the seller is obliged to sell if the tenant chooses to buy. However, the tenant is not obligated to purchase the property if they decide against it.

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