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Lease purchase contract. A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
Rent-to-own. Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or ...
A rent-to-own contract can be structured in one of two ways: as a lease option or as a lease purchase. A lease option gives you a choice to buy the house at the end of the lease term. A lease ...
At the end of the lease, the tenant can buy the home by securing their own financing or with seller financing from the landlord. This approach, Rivera noted, provides stability for the landlord ...
Rent-to-own homes can offer an alternative path to home ownership for people who can't qualify for a mortgage or lack a down payment. It can look like a standard lease combined with the right to ...
Rent-A-Center, Inc. (commonly referred to as RAC) is an American public furniture and electronics rent-to-own company based in Plano, Texas. [3] The company was incorporated in 1986 and as of 2014 operates approximately 2,972 company-owned stores in the United States, Puerto Rico and Mexico, accounting for approximately 35% of the rent-to-own market in the United States based on store count.
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