Rent To Own Explanation Rent for up to 18 months Rent payment $1490/month A $100/mo credit toward purchase price when rent paid as agreed. Purchase price to be $269,900 Buyer to purchase property with a new loan during the above rental period Buyer to get pre approval letter from Seller approved lender indicating they will be ready to buy in the above time frame. Buyer to sign a Rental Agreement and a Purchase Agreement indicating the above. Total Deposit (Good Faith and Security) - $4,000
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