Rent-to-Own Agreement

A rent-to-own agreement is a standard lease with an option for the tenant to purchase the property under agreed-upon terms. It is a common arrangement for tenants seeking to save for a downpayment and build their credit while renting the property from its owner. If the owner is seeking seller financing, it is typical for a portion of the rent to be applied to the purchase price.

Last updated November 10th, 2024

A rent-to-own agreement is a standard lease with an option for the tenant to purchase the property under agreed-upon terms. It is a common arrangement for tenants seeking to save for a downpayment and build their credit while renting the property from its owner. If the owner is seeking seller financing, it is typical for a portion of the rent to be applied to the purchase price.

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