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A renttoown home also called a leasetoownhome is purchased through a rental agreement with a homeowner. Located at: (complete address of Premises) to Tenant.In a rent-to-own agreement, the title to the house remains with the landlord until the tenant exercises the option and purchases the property. A leaseoption is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property. There are a couple of options to consider before going into a rent-to-own agreement.