Rent to own works similarly to renting a home, but includes an option to purchase the property. The renter pays an upfront option fee that varies and may be credited towards the purchase. They sign an option agreement along with the rental agreement, which outlines all terms for buying the house such as the purchase price, length of the agreement, rent credits, option fee cost and more. This allows renters to save money, improve their credit, and qualify for a mortgage while living in the home.

1. The Basics
How Rent To Own Works

2.  Just like renting a home
How Rent To Own Works

3.  Just like renting a home
 Includes an “option” to purchase the home
How Rent To Own Works

4.  Just like renting a home
 Includes an “option” to purchase the home
 Save money, improve credit, and qualify for a mortgage
while you are renting
How Rent To Own Works

5. 
Just like renting a home

Includes an “option” to purchase the home

Save money, improve credit, and qualify for a mortgage
while you are renting

Find out how long you will need to qualify for a
mortgage before moving in the home
How Rent To Own Works

6.  You pay an option fee upfront
How Rent To Own Works

7.  You pay an option fee upfront
 Option fees vary
How Rent To Own Works

8.  You pay an option fee upfront
 Option fees vary
 A rent credit is common with rent to own
How Rent To Own Works

9. 
You pay an option fee upfront

Option fees vary

A rent credit is common with rent to own

The rent credit is negotiated between you and the
seller, like the option fee
How Rent To Own Works

10.  You pay an option fee upfront
 Option fees vary
 A rent credit is common with rent to own
 The rent credit is negotiated between you and the
seller, like the option fee
 You sign an option agreement along with the rental
agreement
How Rent To Own Works

11.  The option agreement includes all terms for buying the
house
How Rent To Own Works

12.  The option agreement includes all terms for buying the
house
− Purchase price
How Rent To Own Works

13. 
The option agreement includes all terms for buying the
house
− Purchase price
− Length of agreement
How Rent To Own Works

14.  The option agreement includes all terms for buying the
house
− Purchase price
− Length of agreement
− Amount of rent credits
How Rent To Own Works

15.  The option agreement includes all terms for buying the
house
− Purchase price
− Length of agreement
− Amount of rent credits
− Option Fee Cost
How Rent To Own Works

16.  The option agreement includes all terms for buying the
house
− Purchase price
− Length of agreement
− Amount of rent credits
− Option Fee Cost
− And more...
How Rent To Own Works