
Rent-to-Own Homes: How It Works, Costs, Pros and Cons
Rent to own lets you lease a home for one to three years with the right to buy it at a fixed price. You pay a nonrefundable option fee of 1 to 7 percent of the price plus above-market rent with a purchase credit. Here is how it works, what it costs, and what Tennessee and South Carolina law protects.

















