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A Guide to the Rent to Own Home Process | RealtyStore – Rent to own homes offer an excellent solution to buying a home, but they can be confusing. It is important to be well informed on the topic before deciding to go this route. Throughout this book, prospective homebuyers will find helpful information on lease option homes, how they work and.
Lease Options – Century 21 – A lease option is an arrangement between the buyer and the seller to purchase a house after renting it for a specific period of time. A portion of the rent would be applied toward the purchase if the option is exercised.
Lease-to-Own House Purchases – Mortgage Professor – A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 years or less, at an agreed-upon price.
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