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  1. What Are Choice Fees And Rent Premiums?

    by
    ArdisSeekamp
    , 09-18-2022 at 06:55
    In a rent-to-own arrangement, the renter leases the property for a specific variety of years at a fixed rental price with the choice to buy the house at the tip of the lease period. The renter has to pay a single option charge upfront and a monthly rent premium on prime of the rental value. The money accumulated from the monthly rent premium and the choice fee will get credited toward a down payment if he ultimately decides to buy the property. If the lease is up and the renter chooses not to buy ...
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