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RENT TO OWN Student/Class Goal Students often take advantage of rentto-own stores as a quick and easy way to buy furniture or major appliances and need to understand the financial consequences they

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What is rent to own?

Rent to own is a contract where the tenant has the option to purchase the property after a certain period of time renting it.

Who is required to file rent to own?

The landlord or property owner is required to file rent to own agreements.

How to fill out rent to own?

Rent to own agreements should be filled out with details of the property, rental terms, purchase option, and signatures of both parties.

What is the purpose of rent to own?

The purpose of rent to own is to provide a pathway for tenants to become homeowners by transitioning from renting to purchasing the property.

What information must be reported on rent to own?

Rent to own agreements must include details of the property, rental payments, purchase price, and option to buy terms.

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