What Is a Rent to Own Home?
What is a rent to own home? To put it simply, a rent to own agreement allows you to rent a house with the option of purchasing the house at the end of a set amount of time, which is often one to three years. Some contracts may require you to purchase the home at the end of the allotted time. The rent to own contract will include the amount to be paid as monthly rent and the sale price of the house. This method of working towards purchasing a…
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