Posted by Monique on February 01, 2001 at 10:06:33:
“Rent To Own” and “Lease To Own” refer to the same thing: an agreement to rent/lease for a period of time, and then have the option to purchase the property at the end of that period of time. It is often referred to as a Lease/Option. Most Real Estate Agents think of it as a Lease/Purchase.
L/O is a great tool to the investor for selling properties.