Bad Credit Score
One of the main reasons why rent to own agreements are attractive to renters is because they can
engage to a contract even though they have a bad credit status. He or she can improve their
rating by renting the property and later on, they may be able to get a loan to purchase the
Test Out The Property
By renting a lease to own property, you have the chance to actually live in and inspect the home
decide whether it is a wise decision to buy it or not. Later on, you have the option to leave
property if you find some problems with it.
The contract price upon negotiation is fixed and final. That means where there is a price
appreciation, the purchase price remains the same and the seller cannot increase the prices
throughout the contract time frame. While this is a great advantage to rent to own homes, and if
value goes the other direction, you can walk away.