Understanding Lease-to-Own Properties: A Path to Homeownership Lease-to-own properties, also known as rent-to-own or lease-option homes, provide tenants with the opportunity to eventually buy the home they are renting. Here’s a breakdown of how this process typically works: Lease Agreement This legally binding contract outlines the rental terms, including monthly rent, lease duration, security deposit, […]
Rent-to-Own
Steps Involved in a Rent-to-Own Transaction
Lease-to-own properties, also known as rent-to-own or lease-option properties, offer tenants the opportunity to eventually purchase the property they are currently renting. Here’s how it generally works for the tenant-potential buyer: Lease Agreement The lease agreement is a legally binding contract between the tenant and the landlord that outlines the terms and conditions of renting […]