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You probably have seen ads in the paper, signs on the road or even an oninle ad on the internet. The definition of a rent to own also known as a lease option is two types of agreements. One is a lease agreement (rental contract) and the other is an Option Agreement. A lease option agreement contains TWO separate agreements that will outline the terms of the rental amount and purchase price. Sometimes part of your rental payment can go towards the purchase price. The Option agreement will have a length of term. Usually 12-36 months. -55Was this answer helpful?
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(VISITOR) AUTHOR'S NAME Waldimara
MESSAGE TIMESTAMP 18 december 2014, 09:23:45
AUTHOR'S IP LOGGED 104.148.44.108
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