The Mechanics and Benefits of a Rent-to-Own Agreement
A common option to purchasing a home is referred to as a rent-to-own (lease or lease-to-own) agreement. A buyer who goes into a contract like this agrees to pay the rent for a particular property within a preset duration, before deciding whether they want to purchase it on or prior to the expiration of the lease.
A rent-to-own agreement may is usually perfect for people who want to own a home but have not secured a mortgage, or those who are not yet ready for the commitment that ownership requires. For example, … Read More