Rent to Own / Lease Option: Pros & Cons

Todd and Oana talk about the pros and cons of rent to own, also known as a lease option. Rent to own is a popular way to lock in a price today as a tenant, and leave room later to build credit. Lease option allows a tenant to either pay higher rents or also pay an option amount up front or a combination of both.

Lease option is not handled by most real estate agents, and usually this is something handled directly between tenant and landlord. These types of agreements should always be reviewed by legal counsel since there are pros and cons that tenants need to be aware of. Knowing how a rent to own works is extremely important for tenants.

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