A rent to own home is where a seller agrees to sell you a home for a certain price with “Renting Term and Condition”. For Example, You will pay rent each month and a portion of it goes towards your down payment when you buy the house. You will need to pay an up-front option fee in a rent to own contract.
Its a trend now for young generation to have a step towards a better future by “Renting it and Owning it”. At the end if you comply and fulfill with the “Term and Condition” the home belongs to you.
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