an oregon rent-to-own agreement is a form that authorizes a tenant to rent real estate for a fixed term with the option of buying the rented space when the term expires. the payment of the fee ensures their right to buy the property when the option period (the time frame when the purchase can be made) becomes effective. to the tenant’s benefit, the agreement term is typically longer than that of a standard lease, giving them sufficient time to prepare for the purchase.

a lease-purchase contract, also known as a lease purchase agreement,[1] is the heart of rent-to-own properties. it is strongly suggested that the tenant establish an escrow account to ensure the security of his or her rent credit.duration – the timeframe of the lease-purchase agreement. this contract will also include the option fee and how much of the monthly payment will be credited to the down-payment for the purchase of the home at the end of the lease. as is usually stated in the lease purchase contract, the option fee and accrued rent credit are both non-refundable should the tenant/buyer decide to walk at the end of the lease. [4] lease-purchase contract agreements are open source in nature and flexible to the needs of the tenant/buyer and landlord/seller.

a rent-to-own agreement, also known as lease-to-own, is a written document between two parties, the landlord or potential seller who owns the property and the tenant or potential buyer leasing the property. sometimes, a landlord will require a tenant to pay for extra maintenance and repairs, as the tenant will have a vested interest in the property. landlords use a rent-to-own agreement when a tenant wants to rent a property for a set amount of time, usually several years, and have the option to purchase the property at or before the end of the term. some lease purchase agreements create an obligation and not the option to purchase the property. ), number of bedrooms and bathrooms, whether or not parking is included, if the property includes storage and where it is located, and whether or not furnishings are included.