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What Is Rent To Own And Its Benefits

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Rent to own is a good option for people who are looking for a property. This makes it possible to rent a house for a few years and then purchase it. Besides, rent to own is also beneficial for the homeowner. Do you know what these benefits are?

1. What Is Rent To Own

The rent to own allows a potential buyer to lease the home for a specific period and then purchase it. Usually, that period lasts anywhere from one to three years. At the end of the period, the potential buyer is allowed or is obliged to buy the house with option money. What Is Rent To Own And Its Benefits_1

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