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A North Carolina rent-to-own lease agreement is between a landlord seeking to rent and give an option to purchase a property to a tenant. The tenant can choose to exercise their option to purchase at any time during the lease term (in ance with the agreement).
A North Carolina standard residential lease agreement is a fixed-term rental contract between a landlord and tenant. The tenant will pay rent on a monthly basis to the landlord to use the residential space until the end date stated in the lease.
An option ... is a contract by which the owner of property agrees with another that he shall have the right to purchase the same at a fixed price within a certain time. It is in legal effect an offer to sell, coupled with an agreement to hold .
A North Carolina rent-to-own agreement is a real estate contract used to establish a tenancy arrangement between a landlord and a tenant with an added stipulation that the tenant may purchase the property after a certain period of time has elapsed.