Site: nolo.com
... A contract between a property owner (the landlord) and the tenant, where the tenant pays for the option ... such as submitting the matter to brokers chosen by each side), the date or time window in which the tenant ... In some states, rent-to-own option contracts must be accompanied by the same property disclosures that ... Because exercising an option contract creates an irrevocable sales contract, the landlord and tenant ... Rent to Own ...