: Grants the choice to buy. If the tenant decides not to proceed, they forfeit their fees but are not legally forced to purchase.

: Unlike traditional rentals, these contracts often shift the burden of repairs and upkeep to the tenant before they officially own the home. Lease Option vs. Lease Purchase

: Monthly rent is often higher than market rates. The excess (known as a "rent credit") is held in escrow to be applied toward a future down payment.