Evan Willoughby
Understanding Rent-to-Own Contracts: How Long Do They Typically Last?
Rent-to-own contracts are increasingly popular in the housing market, providing a path for potential homeowners who may not yet qualify for a mortgage. Typically, these contracts last between one to three years, giving tenants time to improve their financial standing before buying the property. This arrangement can be beneficial, but understanding the details is crucial. Explore key factors affecting contract length, common pitfalls, and practical tips for navigating a rent-to-own agreement.
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