Legal Risks of Renting-to-Own: A Guide for Homebuyers and Sellers
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6 min read
Rent-to-own, also known as a lease-to-own agreement, has become an increasingly popular alternative to a traditional home purchase, especially in tight housing markets. However, a 2021 study by the Consumer Financial Protection Bureau revealed a rising number of complaints and legal disputes associated with these contracts, especially concerning deceptive practices and unclear terms. The appeal lies in its perceived flexibility, but without a clear understanding of the legal risks, both buyers and sellers can face significant financial and emotional distress.
