answersLogoWhite

0

How does rent to own work exactly?

User Avatar

Anonymous

12y ago
Updated: 8/20/2019

There are many ways one might 'rent to own' a property. The general idea of the concept being one makes payments (essentially renting) a property until one pays off the debt (therefore, owning it).

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What exactly is a rent to own home and how can you become eligible?

A Rent to Own home is a home where you pay rent each month and eventually you have paid off the home and will own it. To become eligible, contact your local realtor who can arrange to provide you more information.


What exactly are homes for rent to own?

Homes that you rent to own are when you start off with just paying rent, not having to worry about falling behind on a mortgage. Eventually, as you become more secure, you switch over until you are paying a mortgage for the home.


How does rent to own in housing work?

Rent to own housing occurs when a seller offers to accept lease payments for a predetermined time period, giving the leaser the option to purchase the home.


Do people rent or own houses in Australia?

They rent and own houses


Where can I find good rent to own home in boston?

one place to look is www.irenttoown.com/rent-to-own-boston-rent-to-own-homes


What does the term rent to sell refer to?

Rent to sell is a term that is similar to rent to own. Rent to own means that you can go into the store and rent an item by the week and upon completion of the rental agreement, you own the item outright.


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.


Can landlord rent a foreclosed property?

If it is foreclosed then he does not own it. You cannot rent a property that you do not own.


How does a rent to own for a house work?

It's pretty risky. When you move into a rent-to-own house, you generally pay an "option fee" of 1-2% of the house price. Then, if you rent the house for the term, you get the option to own it. Be aware, however that if you leave the house or violate the lease, you lose your option fee and the time invested, leaving you with no equity.


Do most people own or rent in Chile?

rent


Do most people own or rent in India?

They rent


Where exactly are laguna woods apartments?

Laguna woods apartments are exactly in California. You can rent these apartments and save money. You can rent these apartments online and it is really easy.