Results for tag: "Rent To Own Property"

Rent to Own Property is a type of real estate transaction in which a tenant rents a property from a landlord for a predetermined period of time, with the option to purchase the property at the end of the lease. This type of arrangement is often used by those who are unable to qualify for a traditional mortgage, or who are unable to purchase a property outright. The tenant pays a monthly rent, which is typically higher than the market rate, and a portion of the rent is applied to the purchase price of the property. The tenant is also responsible for any repairs or maintenance during the lease period. Rent to Own Property is a popular option for those who are looking to purchase a home but are unable to qualify for a traditional mortgage. It allows tenants to build equity in the property while also providing them with the flexibility to move if their circumstances change. Some companies in the Rent to Own Property market include Divvy Homes, Rent to Own Labs, and Rent to Own Solutions. Show Less Read more