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  • Rent-to-own is when a tenant signs a rental agreement or lease that has an option to buy the house or condo later ?usually within three years. The renter monthly payments will include rent payments and additional payments that will go towards a down payment for purchasing the home.

  • Can you buy a rent to own home with options?

  • There are two types of legal agreements to choose from with rent to own homes. A lease agreement with option to purchase This contract gives you the right攂ut not the obligation攖o buy the home at the end of your lease. If you decide not to go through with the purchase, the option expires, and you can walk away.

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  • Rent-to-Own Homes: How the Process Works. If you檙e like most home buyers, you檒l need a mortgage to finance the purchase of a new house. To qualify, you must have a good credit score and cash for a down payment. Without these, the traditional route to homeownership may not be an option.

  • Is a rent to own home the right fit for You?

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