How legit is the rent to own homes?
Answers:
If you progress through a existing estate agent (to engender sure that the logistics are right) it is a sheltered entity. I would not suggest that you do it short a RE agent. For example the lingo of a contract can state the while you are renting and an owner have an proposition made, do you as the renter hold the first right to counter that propose or if any proffer can be made at adjectives while you are renting. Questions arise resembling the purchase price of the home is it negotiate immediately or at the time when your rental ends, usually lease to own homes require a larger deposit, will this deposit be refundable if you are not sufficiently expert to purchase and it requests to be considered that the monthly rent may or may not be contributed to reducing the purchase price of the home. If you do it wrong, it could cost you.
Its as legit as the seller/buyer are. Everyone is different so they must be evaluated properly.
It's fine, if the contract is valid and equitable.
There are deeply of variables among such contracts, mostly near the quiz of how much of the pay is applied toward the purchase price. I've see nought, I've see partly.
They're used lawfully habitually.