answersLogoWhite

0

How does Rent to Buy Work?

Updated: 11/6/2022
User Avatar

Wiki User

16y ago

Best Answer

Usually not very well for either party. You have to pay your rent and deposit as usual and then put a lot of money in an escrow account used at the time of closing for your down payment and expenses. You are better off saving your money and buying a place when you are ready.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does Rent to Buy Work?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can one buy or rent a temporary fence?

There are many places where one can buy or rent a temporary fence. One can buy or rent a temporary fence at popular on the web sources such as Rent National and Rent Our Fence.


Are there any audio visual rental services that offer private rentals or rent-to-own plans?

You can do a long term lease or rent-to-own at One Work Place. They rent out entire audio visual systems. At Hire Intelligence you can tailor a rent to buy plan for audio visual equipment. They usually don't rent for longer than a year, so the rent to buy is on a case by case basis.


How does leasing with the option to buy work?

You usually sign an agreement when you rent the house that it is a "rent to own option" At the end of a certain period if you choose to buy, a percentage of the money that you have paid in rent will go to toward the purchase price. If you choose not to buy, it will be just like an ordinary rental agreement with the owner being that mcuh richer as far as the money you have paid in rent. Hope this helps.


Why do people work most of there lives?

If you do not work you do not earn a living and are not able to rent or buy a house, buy a car, buy food, eat, or live. Otherwise you will live in a cardboard box behind Target and beg for money.


Why do people work today?

For money to buy food, pay rent, buy clothes, pay utility bills, and to pay for other necessities and luxuries.


What is rent to buy?

This is a transaction whereby you first pay rent and if you decide to buy it, then the amount you paid in rent goes toward the purchase price. This is kind of like a mortgage but minus the initial down paymentA rent to buy scheme is where someone pretends to let you rent their house to buy, but they have no intention of actually allowing you to own it in the end.


Where can you buy the sweater from Rent?

http://www.wizardknits.com/rent-sweater-and-scarf.html


Where can you download or watch diary of nymphomaniac?

Rent it at a video store, or buy it on Amazon.com


Do people rent high pressure washing equipment to test it out?

Do people rent high pressure washing equipment? I don't want to buy one until I know how well they work on my driveway.


How can I use a rent vs buy calculator?

When using a rent versus buy calculator you have to put the amount of money you are paying to rent in it and then if will show you the difference of if you were buying the item.


Are there any Philadelphia landlords which offer rent-to-buy apartments?

Landlord & Tenant Law offers rent-to-buy apartments


Where do you rent obd11scanner?

you usually can't rent one you have to buy them and they can be very expensive