What are the disadvantages of a Lease-to-Own agreement?

A Lease-to-Own arrangement involves contractual obligations and rights that can be lost if not exercised or if a party cannot perform.  If the allotted amount of time to purchase the home expires and you are unable or choose not to exercise your purchase option, then the initial deposit and rent premiums cannot be applied toward a purchase.  Instead, they are kept by the Landlord as payment for keeping open an exclusive opportunity to exercise a right to purchase at a fixed price regardless of whether the property values increase or decrease.


Keep Reading: What is Lease to Own? | Why Consider Lease to OwnRight for You?

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