Understanding Rent-to-Own Agreements |. – Understanding Rent-to-Own Agreements You may have heard the term “rent-to-own” before. Also known as a lease option or lease-to-own agreement, this arrangement means the buyer signs a contract with a seller stating they agree to rent the home for a specified period until lease ends.
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Understanding Rent-to-Own Agreements | BestMichiganHouses.com – Understanding Rent-to-Own Agreements You may have heard the term "rent-to-own" before. Also known as a lease option or lease-to-own agreement, this arrangement means the buyer signs a contract with a seller stating they agree to rent the home for a specified period until lease ends.
A rent-to-own home might seem like it’s your only path to homeownership, but that doesn’t mean it will leave you better off. Keep reading to learn more about lease-to-own homes, how the process works, and what to watch out for.
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