Rent to Own/Lease Option

This arrangement allows a renter to lease a home with the option to buy it later. Typically, a portion of the monthly rent payments goes towards the purchase price of the home. This can be a good option for buyers who need time to improve their credit score or save for a down payment or pay down debt. It also give them a chance to check out schools and neighborhood. If you are currently renting a home a Landlord/Seller may lease your property on a rent to own basis. It doesn’t hurt to ask!