Rent to own homes

Rent to own homes, also known as lease to own or lease option, is a type of real estate transaction that allows a tenant buyer to rent a property with the option to purchase it at the end of the lease period. In a rent to own agreement, the tenant buyer rents the property for an agreed period of time, typically one to three years. During the agreed period, the tenant buyer pays a monthly rent and a monthly consideration payment towards a down payment for the purchase of the property