Rhode Island Rent-to-Own (Lease Option) Agreement

A Rhode Island rent-to-own agreement is a lease contract that grants tenants the option to purchase a property they are renting. The buying rights are secured by paying a fee or rent premium. If the tenant does not buy the property during the designated period, they may forfeit the option fee, and the owner can negotiate with other buyers.

Rhode Island Rent-to-Own (Lease Option) Agreement

A Rhode Island rent-to-own agreement is a lease contract that grants tenants the option to purchase a property they are renting. The buying rights are secured by paying a fee or rent premium. If the tenant does not buy the property during the designated period, they may forfeit the option fee, and the owner can negotiate with other buyers.

Last updated February 4th, 2024

A Rhode Island rent-to-own agreement is a lease contract that grants tenants the option to purchase a property they are renting. The buying rights are secured by paying a fee or rent premium. If the tenant does not buy the property during the designated period, they may forfeit the option fee, and the owner can negotiate with other buyers.

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