Currently, 18 percent of Americans say renting is cheaper than owning a home, according to Bankrate’s Home Affordability ...

A lease purchase agreement, also known as a rent-to-own agreement, lets someone rent a property for a specified period of time with the promise to purchase it at the end of the lease term.

Rent-to-own is a type of real estate contract that gives renters the option to purchase the property they’re living in at the end of the lease period. If you’re intrigued by the idea of owning ...

Before you enter a rent-to-own agreement, make sure you've read the fine print on the contract and consider other homebuying alternatives, including condos, co-ops and traditional mortgages ...

Rent-to-own agreements can sometimes blur the lines between a tenant’s and a homeowner’s responsibilities, particularly concerning property maintenance and financial obligations.

Rent-to-own homebuying combines a lease with a purchase option. A contract specifies the terms of the deal, including the monthly rent, ... Due diligence before signing a rent-to-own contract.

Each contract will differ, but typically, if you decide not to purchase the home at the end of the agreement, you’ll lose your option fee and potentially also any money you put toward a down ...

Rent-to-own concepts are basically sound and can be a win-win situation for both the buyers and the sellers. ... Purchase and lease agreements are legal and binding documents, ...

At the end of the rent-to-own contract, you can purchase the home less the payments you’ve made toward buying the rent-to-own property. You are not the legal owner of the home, ...