answersLogoWhite

0


Best Answer

Rent-to-Own is a form of rental agreement which can mature into a purchase agreement. The tenant agrees to rent a property at a rate per month for a specific term. At the end of the term, the tenant will be given the right, but not obligation, to purchase the property at an agreed upon price. The amount of rental paid during the lease term will then be applied toward the purchase price of the property.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does rent to own mean in real estate?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can I find a rent to own home in florida?

You can check out Florida real estate listings online, such as www.jscinvestments.com/avail_fl.asp or www.rentalads.com/rent-to-own/Florida


Can a licensed real estate agent rent out a house that they personally own?

Yes. Agents are not prohibited from renting out property they own.


Does the newspaper have a section of rent to own houses in my area?

You can check the real estate or housing section of the newspaper to see if there are any listings for rent-to-own houses in your area. Additionally, you can also search online real estate websites or contact local real estate agents for more options and availability.


How do you rent out your own house?

You can rent out a room or part of the house, or you can rent the entire house. Either way you can run an ad or listing with a real estate or rental management office.


What does real estate taxes mean?

The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.


What effect does the Real Estate Code of Conduct have on your own operations as an Estate Agent?

The effect of the Real Estate Code of Conduct on your own operations as a Real Estate Agent.


Can you rent a car or house under the rent for lease option?

In the case of a car, yes you can. Most car lots will allow you to rent to own a vehicle. In the case of a house, it depends on where you live. Most places do not offer a rent-to-own option. You either rent, or you own. However, things may be different in your area. Talk to a real estate agent.


Why do real estate companies need their own attorneys?

Real estate companies have their own attorneys for completing real estate transactions. At real estate closings, both parties are required to have an attorney present.


Do most people own or rent in Australia?

In Australia, the preference is generally to own real estate, but quite often this is only possible by taking out a large mortgage with a bank or similar. This of course is a type of rental because an "owner" is "renting" the capital needed to make the real estate purchase.


What real estate company does ed smart own?

Smart & Company Real Estate


Is mortgage better than a loan?

A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.


Where would I find information on paying housing rent?

I would refer to my real estate provider on payment procedures and I would also gather information from friends and family for their own experiences on paying the monthly rent.