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Rent To Own Homes | RealtyStore – A lease purchase usually requires the tenant to commit to buy the home over an agreed to period of time. Terms can be quite flexible to suit the renter’s needs. These terms include the time frame, the amount of rent applied to the rent to own purchase, and the price of the property. The second approach is.
Rent-to-own a home: Beware the risks | The Star – Rent-to-own a home: Beware the risks. After a $10,000 deposit, a rent-to-own tenant might pay $1,300 a month in rent – with $300 of each payment as a credit towards the down payment. On a three-year lease, the tenant would have paid $10,800 towards the down payment. Add those credits to the initial deposit, and the renter will have $20,800 for a down payment.
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