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what's up my name is daryl williams and welcome back to another episode of real estate 101 [Music] all right guys so today we're going to talk about a lease purchase agreement and this is also something that i recently experienced in the last two months of negotiating such a deal and i'll briefly summarize that story after we go through all the technical aspects of a lease purchase agreement but before we jump into that please take a moment to like this video smash that like button subscribe if you haven't already and please share it would mean a lot to me all right so what is a lease purchase agreement a lease purchase agreement in real estate is a rent to own contract between a tenant and the landlord for the former to purchase the property at a later point in time the renter pays the seller an option fee at an agreed upon purchase price giving them exclusive rights to buy the property both parties agree to what the purchasing price of the home will be at the end of the lease term t...