"Rent to Own" Properties in South Carolina

When customers ask about "rent to own" properties I share the following information in an email. It's short and sweet.

An available house.

Below is an overview of "rent to own". Take a look at this info and I will give you a call to facilitate additional questions that may come to mind after reading. 

• A rent-to-own agreement is a deal in which you commit to renting a property for a specific period of time, with the option of buying it before the lease runs out.

• Rent-to-own agreements include a standard lease agreement and also an option to buy the property at a later time.

• Lease-option contracts give you the right to buy the home when the lease expires, while lease-purchase contracts require you to buy it.

• You pay rent throughout the lease, and in some cases, a percentage of the payment is applied to the purchase price.

• With some rent-to-own contracts, you may have to maintain the property and pay for repairs.