: The purchase price (the "strike price") is usually agreed upon at the start, protecting you if home values rise during your lease. Why It’s "Interesting"
: You pay an upfront, non-refundable fee (usually 1% to 5% of the purchase price) to lock in your right to buy the home later. lease option to buy home
A (often called "rent-to-own") is a unique real estate arrangement where you rent a home for a set period with the exclusive right, but not the obligation , to purchase it at a predetermined price before the lease ends . How It Works : The purchase price (the "strike price") is