Rent to Own introduces ‘Tenant Buyers’, those individuals that may otherwise never have the opportunity of home ownership, but via the Rent to Own method are helped to evolve from Tenant to Buyer and ultimately, home owner.
The Rent to Own method utilises lease option agreements, which provide the Tenant Buyer and property owner with a transparent contractual agreement under which the property is rented at a fixed rent, for a fixed period of time with the option to purchase at the end of the term.
Oxford Economics say the average cost of a home in 15 years' time will be...
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