rent to own


The process of paying monthly rent for a piece of property (house, apartment, or condo) with the option to eventually own it. This type of option is determined before the initial rental period begins. A portion or all of the previous rental payments are applied to the total cost for the property. Rent to own is commonly used with the purchase of homes.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
rent seeking rent tribunal