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Understanding Rent-to-Own Apartments | OhMyApartment. – Rent to Own Apartments. Rent-to-own apartments are apartments that give the renter a lease purchase option. In other words, when your lease term is up, or at some other time, as stipulated in your rental agreement, you will be given the option to purchase the apartment that you have been renting. How Renting a Rent to Own Apartment Works

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Understanding A Rent-To-Own Home Purchase – – Essentially, a rent-to-own home purchase agreement is a two-part contract. The first part is where the seller agrees to rent or lease the property to an interested buyer for a set amount of time. Typically, this time period is 1-3 years. During this time period, a portion of the monthly rent goes toward a down payment for the home.

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Rent to Own Opportunities | – Generally, tenants in rent-to-own agreements rent properties for a pre-determined amount of time, and a portion of their rent payments is put toward the home’s purchase. Property price can be decided upfront. Determining the Purchase Price. One of the most important parts of rent-to-own agreements is determining the purchase price of the home.

Learn the process behind a rent-to-own agreement-also known as a lease-option agreement or a lease-to-own agreement-and how you can use this method as an alternative way to buy a home.

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