RealtorĀ® Resources 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 […]