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A lease option works much the same way. 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.These agreements allow a potential buyer to occupy the seller's property for a period of time before completing the sale. A lease agreement with option to purchase This contract gives you the right—but not the obligation—to buy the home at the end of your lease. Purchase agreement is another type of agreement that legally obligates the tenant to purchase the property at the end of the lease terms agreed upon.
