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A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property. Learn about the types, terms, and rights of rental agreements for real estate, vehicles, storage, and other purposes.
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract. For real estate, a lease purchase contract combines ...
Rent-to-own is a type of transaction where tangible property is leased with the option to buy at any time. Learn about its origins, structure, benefits, drawbacks, and legal status in different jurisdictions.
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English: Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.
The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds.
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