Paperwork doesn’t protect your interests in the property on a rent to own

Make sure the lease and option agreements state all of the agreements you have with the homeowner/seller when you are working out your rent to own home deal.

It is important to have the proper lease and option agreements when setting up a rent to own deal.

Often times, a tenant will sign the option documents without thoroughly reviewing them. It’s not until later they find out the terms they agreed to when moving in were not actually what was included in the paperwork that was presented to them.

Keep in mind, typically anything you agree to verbally that is left out of the written agreements will be nearly impossible to enforce.

You can click here for state-specific lease and option agreements.

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