• What is the difference between: Lease Option, Lease Purchase, Rent To Own,
Rent To Buy, and Lease To Own?
• What is the purpose of RentToOwnResource.com?
• Why do buyers choose Rent To Own versus other home buying methods?
• Who are the Buyers on RentToOwnResource.com?
• Who are the Sellers on RentToOwnResource.com?
• What are the components of a Rent To Own agreement?
• What are the details of a Rent To Own transaction?
• Can I qualify with less than perfect credit?  With good credit?
• Is Rent To Own an obligation to buy?
• Can I make improvements and renovations to my Rent To Own home?
• Who pays real estate taxes and homeowners insurance?
• I AM INTERESTED – WHAT IS THE NEXT STEP?

• What is the difference between: Lease Option, Lease Purchase and Rent To Own?
o Rent To Own Resource specializes in Lease Option transactions, also known
as a Rent To Own.  In a Lease Option the Landlord/Seller agrees to lease
their home to a Tenant/Buyer for a fixed period of time, a fixed monthly lease
payment and a pre-determined purchase price.  The Landlord/Seller grants the
Tenant/Buyer the option to purchase the home at any point during the term
of the lease.  The Buyer is given a ‘Lease’ with the ‘Option to buy’. Top

o A Lease Purchase contractually obligates the Tenant/Buyer to purchase the house. 
Unlike a Lease Option, where there is no ‘option to buy’.

• What is the purpose of Rent To Own Resource?

o Rent To Own Resource was created to help assist buyers and sellers accomplish
their goals.  We understand that many people would like to own their own home,
yet simply need a little buying and credit repair help.  We also understand that many
of these same people are tired of renting and would rather invest their money in a
property they can call their own.  With this in mind, RentToOwnResource.com was
created.  We are THE SOURCE for smart, licensed Rent To Own buying and selling!

• Why do buyers choose Rent To Own versus other home buying methods?

o Why rent when you can invest your money wisely through homeownership? 
Owning a home is one of the biggest and most important investments a person will
ever make.  We help to make this investment a reality!  See our Benefits page to
read more about the benefits of Rent To Own.

• Who are the Buyers on Rent To Own Resource?

o Rent To Own Resource is committed to helping individuals and families achieve
the dream of homeownership.  Our Rent To Own professionals understand buyers;
the questions they have, the problems they face and the dream of homeownership
they hope to achieve.  Our buyers are anyone from the first-time homebuyer and
the experienced homeowner to the savvy real estate investor.  No matter your
situation, we have a customized home buying program for you.

• Who are the Sellers on Rent To Own Resource?

o Rent To Own Resource sellers typically include homeowners who list their properties
for sale with Rent To Own Resource, real estate brokers looking to increase their 
listing’s visibility, real estate investors, and property managers.  No matter the situation,
sellers are welcomed and encouraged to use RentToOwnResource.com as one more
‘tool in their marketing toolbox’.

• What are the components of a Rent To Own agreement?

o There are two central components of a Rent To Own/Lease Option agreement:

1) A Lease Agreement which includes the monthly payment, length of lease,
rent credit and other standard real estate lease provisions, and 

2) An Option To Purchase Agreement, which grants the Tenant/Buyer the option
to purchase at a pre-determined price within a specific period of time.

• What are the details of a Rent To Own transaction?

o Please see our Rent To Own Transaction Overview Page.

• Can I qualify with less than perfect credit?  With good credit?

o YES!  Anyone can qualify to Rent To Own.  Credit has no bearing on your ability
to qualify.  Two of the main requirements are a down payment and a stable
employment history.  To us, this shows your ability to pay rent on time.  We are
flexible with the amount of down payment required and will work with everyone
to resolve past credit issues.

• Is Rent To Own an obligation to buy?

o NO!  A Tenant/Buyers’ option to buy is just that, an option.  It is simply the
opportunity to purchase with the advantage of a pre-determined price and credits
that are contributed towards that price.  You are, in effect “trying before you buy.”

• Can I make improvements and renovations to my Rent To Own home?

o YES!  One of the advantages of Renting To Own versus renting is that in a Rent To
Own, buyers have the ability to make improvements and/or renovations to their home
while they are still legally considered renters.  As long as the seller agrees to allow the
specific work to be done, you can make any changes to the property you would like!

• Who pays real estate taxes and homeowners insurance?

o Not the Tenant/Buyer!  Sellers are responsible for these fees during the option period. 
Similarly, the seller would suffer a loss if the property was damaged by a natural disaster
during the option period.  Of course, once the property is yours, after the option period,
you will have full ownership and be responsible for taxes, insurance and repairs.

• I AM INTERESTED – WHAT IS THE NEXT STEP?

o If you have not spoken to our Credit Specialists and been approved for our Rent To Own
Program, get in contact with us and allow us to analyze your situation immediately!  If you
have already been approved, contact us today to learn about our available Rent To Own
homes.

o If you search our inventory and do not find the home you are looking for, that is not the
end of the road.  Simply find a home for sale in the area which you would like to buy, or
ask us to find one for you, and we will work with the sellers to make it yours!