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How Rent-to-own Homes Work | HowStuffWorks – How Rent-to-own Homes Work. For many, the rent-to-own home may be the best option. Also called a lease-to-own house, the process works similarly to a car lease: Renters pay a certain amount each month to live in the house, and at the end of a set period — generally within three years — they have the option to buy the house.
Virginia housing advocates call rent-to-own home contracts a. – Virginia housing lawyer says rent-to-own residential deals are. Christopher Peace, R-Hanover, who oversaw a work group of the. Buyers are left with the responsibilities of a homeowner but aren't really building equity, like.
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