I just realized that I don't know what the typical rent-to-own contract looks 
like. Presumably the original owner retains title, but what if there is a dispute over 
the maintenance of the property during the rental period? What does the contract 
specify and how are disputes resolved? What protects owners from tenants who do not 
take good care of their property and then exercise their option not to buy it and what 
protects renters from owners evicting them and stealing their equity stake?  — Bill 

William T. Dickens
The Brookings Institution
1775 Massachusetts Avenue, NW
Washington, DC 20036
Phone: (202) 797-6113
FAX:     (202) 797-6181
AOL IM: wtdickens

>>> [EMAIL PROTECTED] 09/20/01 12:48PM >>>

Why does Rent to Own exist? Isn't rent to own just a way of
lending money to the customer (like many auto firms)?

One friend said it was a way of selling to people whose religion
precludes the paying or charging of interest.

Any comments?


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