Lease and Buy Agreement

 Lease and Buy Agreement
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Multi-State
Control #:
US-134057BG
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Description

A Lease and Buy Agreement, also known as a Lease Purchase Agreement, is the heart of rent-to-own properties. It combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Agreement.

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