lease to own contract example
a rent to own agreement outlines an arrangement between various parties in the leasing of a property, and it allows tenants to purchase the property when the leasing term ends. a rent to own agreement is applicable when tenants want to rent properties for a certain period, usually multiple years, while having the option to buy a property at or before the end of the lease. rent to own contracts are beneficial to tenants for a variety of reasons. if you wish to buy a home, but your credit score is not high enough, renting a property with the option to buy it later starts you on a path to homeownership. in addition, it is a great option for renters who wish to buy a particular home, but cannot do so right away. if you have a hard time selling a property in a slow market, a rent to own contract can you enhance your cashflow until you sell the property.