A Rent to Own Guide

What Is Rent To Own?

Rent to Own -- also commonly known as lease to own, lease option and RTO -- is an agreement between a home seller and potential buyer that allows the buyer to move into a home immediately, paying rent as part of a contract to purchase the home.

Rent to Own is a more affordable option for aspiring homeowners to lease a home while applying a portion of their rent payments towards the greater goal of ownership. This allows families to enjoy the benefits of owning a home, while, at the same time, developing an investment.

How exactly is Rent-To-Own Different from Renting and Owning a Home? We've listed the pros and cons in an infographic below. Rent-To-Own is a more affordable option for aspiring homeowners to lease a home while applying a portion of their rent payments towards the greater goal of ownership. This allows families to enjoy the benefits of owning a home, while, at the same time, developing an investment.