Rent to Own What is a rent to own? The actual paperwork is called an Option to P…

Rent to Own What is a rent to own? The actual paperwork is called an Option to Purchase. That is a written offer on a house or duplex to purchase the property in a given time, at a specific price. The Option to Purchase is normally used for buyers who do not have the down payment to complete the purchase. So the buyer moves into the house, pays rent, and many times a portion of that rent is applied to the down payment. The Option to Purchase is good for a buyer who finds a house but has a