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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.
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.
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.
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.
A NNN lease is a commercial real estate lease in which the tenant pays for taxes, maintenance, and insurance. Learn about the variations, risks, and advantages of NNN leases, and how they differ from gross and net leases.
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