What is the difference between a Lease 2 Purchase, a lease option and a rent-to-own?
The truth is, there is absolutely no difference between a Lease 2 Purchase, a Lease Option or a rent-to own. A few people say there is, but they are wrong. Here’s why… When an experienced real estate professional talks about a Lease 2 Purchase, a lease option or a rent-to-own agreement, they are really talking about an arrangement that contains both a lease contract and an option to purchase contract. By definition, this is really a Lease 2 Purchase (or lease option or rent-to-own). Thus… Lease + Option to Purchase = Lease 2 Purchase AND lease option AND rent-to-own They’re all exactly the same! Don’t let anyone tell you otherwise.
