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Lease options and rent-to-own homes: Mistakes to avoid – · Rent-to-own homes involve both a lease (rental agreement) and a purchase contract Lease options require you to pay money to the seller that you could lose if you don’t complete the purchase.
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Rent To Own Homes | RealtyStore – Rent to own homes offer a popular alternative for bargain home buyers and sellers. For buyers who do not have an adequate downpayment available, or are having difficulty qualifying for a traditional home loan, a rent to own ( also referred to as ‘lease option’, ‘lease to own’, or ‘owner financed’ ) agreement can provide a smoother path to homeownership.