The Basics of Rent-to-Own Agreements | Nolo – Rent-to-own agreements, also called lease-to-own agreements or lease-options, are traditional leases agreements that also give the tenant an option to purchase the rental property, typically a single-family house, sometime after the beginning of the tenancy.
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How Rent-to-own Homes Work | HowStuffWorks – Also called a lease-to-own house, the process works similarly to a car lease: renters pay a certain amount each month to live in the house, and at the end of a set period — generally within three years — they have the option to buy the house.
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How Does a Lease-to-Own Program Work for Vehicles? – Budgeting. – Lease-to-own and rent-to-own programs are often found at small car lots, offering an option for those who lack the funds or credit to buy a car outright. However.