(My Original Blog Post: http://ping.fm/kyBN8)
You may be wondering how is it possible to rent and eventually own a house. How does this work? What makes the seller agree to this? Other terms for the rent to own purchase are lease to own home purchase and lease purchase. This is a transaction wherein the party leases the property with the option to purchase it in the future. However, there is a period specified for the purchase, it is usually set within three years or less. An agreed price is also set.
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