How Do Rent To Own Homes Work In Clarksville TN?

One of the first questions we get from potential tenant buyers of our local Clarksville TN / Oak Grove KY rent to own homes / lease option homes is “how do rent to own homes work in Clarksville TN?”

With a flooded real estate market, especially since the bubble burst of the mid-2000’s, rent-to-own homes have become a popular option for people who are deciding whether to purchase or rent a home.

Renting to own offers advantages to both buyers and sellers.

For the seller, they have steady income to make steady mortgage payments, while the seller has a period, typically a year or two to organize his or her finances and secure financing to buy the house.

The Local Rent To Own House Process in Clarksville TN:

Renting a home to own a house is a relatively straight forward process, though many people are confused.

A common misconception is that the renter can live in the home and pay rent over a period of 15, 20, or 30 years, then own the home. It’s slightly more complicated than that.

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