Rent to Own Lease Agreement Template
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The rent to own lease agreement is a well-known contract in the real estate field. This type of agreement gives the individual renting the property the right to purchase the dwelling at any time during the lease term. In order to do this, the landlord and tenant must copy the terms arranged into the contract and provide their signatures in the appropriate areas of the form. Users must specify details regarding the lease aspect of the agreement, the period of time for which the purchase option is active, and the total funds required to acquire the property. Once the agreement is completed and signed, the transaction is finalized and both parties are obligated to uphold the contractual provisions of the document.
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