Rent to own homes

Shelter is one of the basic needs of man; it is, therefore, something that has been sought over the centuries. This article contains a comprehensive guide on one of the numerous ways of meeting the need for shelter: A rent-to-own agreement, in which you rent a home for a certain amount of time, with the option to buy it before the lease expires. It also includes Rent to Own Homes listings available for people in Georgia as well as Zillow Rent to own Homes.

Conversely, if you decide not to buy the house—or are unable to secure financing by the end of the lease term—the option expires, and you move out of the home, just as if you were renting any other property. You’ll likely forfeit any money paid up to that point, including the option money and any rent credit earned, but you won’t be under any obligation to continue renting or to buy the home.


You’ve just found the perfect home. It has an ideal layout and is in your dream neighborhood. Plus, it was listed by a rent-to-own company, so you don’t have to come up with a hefty down payment!

Instead of saving for a new home while you throw money at a rental, you realize you can move into this house right away. Even better, a portion of your monthly rent check will go toward your down payment or equity in the home. At the end of the contract, you’ll have the option of purchasing the home.

A rent-to-own home is a house you can buy through a rent-to-own agreement. With this type of contract, you agree to rent a property for a specific time period before gaining ownership. The time period can range from several months to several years, depending on the specifics of the contract.

There isn’t one generally accepted standard; however, most rent-to-own transactions involve these components:

#1. Purchase price.

The rent-to-own agreement will specify how and when the purchase price is decided. The price could be based on the home’s current value—or a predicted one (check Zillow rent to own homes for prices). In some cases, the price becomes official when the buyer and seller sign the contract. In other situations, the purchase price won’t be decided until the lease expires.

#2. Rent payments.

As part of the contract, you’ll agree to pay a certain rent amount each month. These payments are typically higher than rent prices (check Zillow rent to own home listing for price) in the area because a percentage of each payment is set aside as a credit for your future purchase of the home.

#3. Maintenance.

In a rent-to-own agreement, the seller may ask you to cover costs such as repairs, maintenance, HOA fees, and property taxes while you’re renting. You could be on the hook for everything from landscaping to a broken air-conditioning unit. That’s why it’s so important to walk through the contract with an attorney who can clearly explain what each party is responsible for.

#4. Option money.

You’re required to pay the seller a one-time, nonrefundable fee. This gives you the opportunity to buy the house, and in some cases, the seller will agree to put this amount toward the buyer’s equity in the home. There’s no standard option money amount; it’s typically a percentage of the home’s purchase price (Zillow rent to own home listed some prices).

#5. Lease term.

You and the seller will agree to a specific lease term in the contract. If the lease ends and you either decide not to move forward with the purchase or you’re unable to qualify for financing, the option to purchase will expire.

#6. Closing process.

You’ll need to secure financing at the end of the lease term if you plan to purchase the house. At that point, the lender will set a closing date where you’ll be given ownership of the property as the buyer. Depending on the terms of the agreement, the percentage of rent money set aside for your purchase and/or option money will be credited to you (check Zillow rent to own home).

Because the rent-to-own process is less regulated than a typical buying or rental process, there’s no standard rent-to-own contract. The terms are completely negotiable. If you’re entering into a rent-to-own process, you need to talk to a real estate agent and an attorney on the front end to make sure you understand—and are ok with— the terms of your unique contract


Below are some rent to own home listings available in Newport

Rent to Own Homes listing in Newport

#1. Ann, Newport, KY 41071

$463 /mo

2 Beds

1 Bath

885 Sqft.

#2. Putnam, Newport, KY 41071

$471 /mo

1 Beds

1 Bath

723 Sqft

#3. Ann, Newport, KY 41071

$408 /mo

2 Beds

1 Bath

1,008 Sqft

#4. 35th Covington, KY 41015

$1,259 /mo

4 Beds

2 Baths

2,240 Sqft

#5. Truman, Bellevue, KY 41073

$635 /mo

2 Beds

2 Baths

1,089 Sqft

#6. 26th, Covington, KY 41014

$1,253 /mo

4 Beds

2 Baths

2,038 Sqft

#7. Cherrywood, Ft Mitchell, KY 41011

$2,632 /mo

3 Beds

3 Baths

2,384 Sqft

#8. Trevor, Covington, KY 41014

$419 /mo

3 Beds

2 Baths 1,395 Sqft

#9 Delmar, Covington, KY 41014.  $773 /mo

2 Beds

2 Baths

1,932 Sqft

#10. Mapleridge, Taylor Mill, KY 41015

$2,038 /mo

5 Beds

4 Baths

3,148 Sqft

#11. Ashridge, Erlanger, KY 41018

$2,518 /mo

4 Beds

4 Baths

4,514 Sqft

#12. Bluffside, Covington, KY 41017

$869 /mo

3 Beds

1 Bath

900 Sqft

#13. Pleasant Ridge,

Ft Mitchell, KY 41017

$1,978 /mo

3 Beds

3 Baths

1,691 Sqft

#14. Sunglow Ave, Villa Hills, KY 41017

$1,589 /mo

4 Beds

2 Baths

1,845 Sqft

#15. Springside Drive, Crestview Hills, KY 41017

$1,190 /mo

2 Beds

3 Baths

1,500 Sqft

#16. Leatherwood, Crestview Hills, KY 41017

$1,139 /mo

2 Beds

4 Baths

1,444 Sqft

These above are some rent to own home listings in Kentucky


The typical process of getting rent to own homes starts from saving up enough money for the down payment, getting pre-approved for a loan, and finding a home for sale that fits your budget.

Quick expo to find your rent to own homes

Consult an experienced realtor

In your rent to own investment property search, one of the wisest things you can do is work with a local real estate agent that has some experience in rent to own transactions. Through their knowledge of trends in the geographic area, rent to own homes listings, their extensive real estate networks, or specific MLS searches, an agent can help you find investment properties for sale that fit your strategy and budget (check zillow rent to own home).

An agent will come in handy when negotiating the rent to own agreement. At times, such agreements come with lots of unfamiliar terms and conditions. If you are not careful, the seller can take advantage of you. Having an experienced agent working in your best interest will protect you from a bad real estate deal.

Before hiring an agent, here are some of the questions you need to ask:

How many rent to own deals have you conducted?

Are you familiar with writing a rent to own agreement?

What advice can you offer to someone looking for rent to own traditional or short term rental properties?

One way to find rent to own homes is to turn to real estate websites dedicated to this property type which can provide some Rent to own homes listings.

This is another great strategy for anyone wondering how to find rent to own homes. There are numerous sites out there that are designed to connect owners of rent to own homes with potential buyers.

Look for a company with a rent to own program

Some companies have dedicated rent to own home programs that are designed to connect buyers and property owners and knowledge in Rent to own home listings is a +. A good example is Home Partners of America that operates in multiple markets including the Atlanta, Baltimore, Charlotte, Asheville, Austin, Birmingham, and Chicago real estate market. Qualified potential buyers work with licensed real estate agents to find the right property that fits their budget. Another company worth considering is Divvy Homes which operates in the Phoenix, Memphis, Dallas, Cleveland, Tampa, and San Antonio real estate market.

Reach out to owners of lingering homes

Another great strategy for how to find rent to own homes is to contact property owners and sellers that have properties listed in the market. You should especially look out for listings that have been on the market for a long time. Out of desperation, the property owners might be willing to discuss the possibility of a rent to own arrangement. If you decide to pursue this for sale by owner (FSBO) strategy, you need to get a real estate attorney or agent involved. Since most people don’t understand how the idea of rent to own works, it would be wise to have an expert do the explaining. The attorney or agent will also help you negotiate a good deal.


The Basics of Rent-to-Own Agreements

Learn whether a lease-to-own or lease-option agreement is a good choice for tenants who want to buy the home they rent.

Rent-to-own agreements, also called lease-to-own agreements or lease-options, are traditional leases agreements that also give the tenant an option to purchase the rental property, typically a single-family house, sometime after the beginning of the tenancy. Therefore, this arrangement has potential financial and other benefits to both landlords and tenants.

Components of the Rent-To-Own Agreement

A rent-to-own agreement is made up of two agreements: a standard lease agreement, and an option to purchase; these may be incorporated in one document or two separate documents.

The Lease or Rental Agreement

In a rent-to-own agreement, the title to the house remains with the landlord until the tenant exercises his or her option and purchases the property. In other words, the starting point of this kind of an arrangement is a tenancy, not a house purchase transaction. The underlying agreement in a rent-to-own arrangement is therefore identical to a regular lease agreement between a landlord and a tenant, including terms such as the duration of the lease period, the amount of rent to be paid, and repair and maintenance responsibilities of landlord and tenant.

The Option to Purchase

An option to purchase grants the tenant an option (right) to buy the rental property within a specified period of time in exchange for a fee (option fee), that is usually paid up front, and/or in the form of a higher-than-market rent (some of which is applied to the house purchase). Hence, a tenant who does not exercise the option to purchase is not entitled to a refund of the option fee or any refund in rent. Because so much is at stake for both landlord and tenant, it is crucial that the option to purchase covers all important terms and conditions such as the duration of the option period and the purchase price of the house. Also read:Real Estate Business Cards: Best Ideas, Templates, Samples & Quotes to Close deals Faster


Zillow has some rent to own homes available

Available For Lease To Own – Chicago IL Real Estate

#1. 5701 N Sheridan Rd APT 26R, Chicago, IL 60660

MLS ID #10992972, EXP REALTY

#2. $169,000

1 bd,1 ba,850 sqft- Condo for sale

Price cut: $6,000 (Feb 11)

MRED as distributed by MLS GRID

5701 N Sheridan Rd APT 26R, Chicago, IL 60660

636 W Waveland Ave APT 4D, Chicago, IL 60613


#3. $175,000

1 bd,1 ba,830 sqft- Under Contract

MRED as distributed by MLS GRID

636 W Waveland Ave APT 4D, Chicago, IL 60613

6300 N Sheridan Rd APT 810, Chicago, IL 60660


#4. $115,000

1 bd,1 ba,730 sqft- Condo for sale

MRED as distributed by MLS GRID

6300 N Sheridan Rd APT 810, Chicago, IL 60660

4250 N Marine Dr APT 1234, Chicago, IL 60613


The above are by Zillow rent to own homes @


Georgia is a southeastern U.S. state whose terrain spans coastal beaches, farmland, and mountains. The capital city of Atlanta is home to the Georgia Aquarium and the Martin Luther King Jr. National Historic Site dedicated to the African American leader’s life and times. Over the years, Georgia has been a good state for accommodation which includes the practice of Rent to Own Homes operation.

Below are the available rent to own homes

#1. 218 Flat Creek Church Rd

  • 3 Beds, 2 Baths
  • Ellijay, GA 30540
  • Sale Type: Rent-To-Own-Homes in Georgia

#2. Masters Club Blvd.

  • 4 Beds, 3 Baths
  • Hampton, GA 30228
  • Sale Type: Rent-To-Own-Homes in Georgia

#3. 218 Flat Creek Church Rd

  • 3 Beds, 2 Baths
  • Ellijay, GA 30540
  • Sale Type: Rent-To-Own-Homes in Georgia

#4. 1746 Pinnacle Dr

  • 2 Beds, 2 Baths
  • Clayton, GA 30525
  • Sale Type: Rent-To-Own-Homes in Georgia

#5. 157 Arabella Pkwy

  • 5 Beds, 4 Baths
  • Locust Grove, GA 30248
  • Sale Type: Rent-To-Own-Homes in Georgia

#6. 252 Long Needle Dr

  • 4 Beds, 3 Baths
  • Mcdonough, GA 30252
  • Sale Type: Rent-To-Own-Homes in Georgia

#7. 241 Denham Dr

  • 5 Beds, 4 Baths
  • Locust Grove, GA 30248
  • Sale Type: Rent-To-Own-Homes in Georgia

#8. 677 E Second St

  • 3 Beds, 2 Baths
  • Blue Ridge, GA 30513
  • Sale Type: Rent-To-Own-Homes in Georgia

#9. 700 Relic Ridge Lot 223

  • 4 Beds, 3.5 Baths
  • Hampton, GA 30228
  • Sale Type: Rent-To-Own-homes in Georgia

#10. 101 Karis Cove

  • 4 Beds, 3.5 Baths
  • Mcdonough, GA 30252
  • Sale Type: Rent-To-Own-Homes in Georgia


The third most populous state in the country, Florida, is home to legendary beaches, world-famous theme parks, the LPGA, and the aerospace industry. Florida has much more to offer residents, though, with unique, vibrant cities and land that is surrounded by the bountiful Gulf of Mexico, the Straits of Florida, and the Atlantic Ocean.

Some rent to own homes in Florida include:

#1. $809 /mo

Beds | 2 Baths

2,300 Sqft

#2. $1,199 /mo

Beds | 2 Baths

1,571 Sqft

#3. $90 /mo

Beds | 1 Bath

3,142 Sqft

#4. $25 /mo

Beds | 2 Baths

4,278 Sqft

#5. $27 /mo

Beds | 3 Baths

What are the disadvantages of rent-to-own?

Some of the points to also note down while involved in rent to own includes the following below:

  • You run the risk of losing money.
  • You might be required to pay additional fees.
  • There is no assurance that you will be approved for financing if you decide to buy the house.

Why rent-to-own is better than renting?

The primary benefit of a rent-to-own arrangement over traditional renting is the opportunity to amass home equity. This means that your rent goes toward more than just keeping a roof over your head. Generally, the rent you pay or the amount you put toward a rent-to-own purchase won’t show up on your credit report.

Does rent-to-own help your credit?

Your credit score will not be impacted by a rent-to-own agreement because they do not report to the credit reporting agencies. If not… You can ask the homeowner to report your timely rent payments to the credit bureau if that is one of your stated goals for the rent-to-own period.

Why do people use rent-to-own?

Because it is affordable, a rent-to-own agreement can be an excellent option if you want to be a homeowner but aren’t quite ready financially. These contracts give you the opportunity to organize your finances, raise your credit score, and accumulate funds for a down payment while “locking in” the house you want to buy.

Is lease to own worth it?

For people with bad credit, renting to own may be a good option because it gives you time to work on raising your score before you need to apply for a mortgage. If you are currently ineligible for a mortgage, you can use a rent-to-own agreement to get the process of buying a home started as soon as possible.

Is it better to rent or to own?

Generally speaking, renting is less expensive in the short term than buying a house. The down payment for a mortgage is typically between 3.5% and 20%, in addition to the other expenses mentioned above. In the long run, a mortgage may end up being less expensive when you consider everything.

Do you need a deposit for rent to buy?

Due to the requirement that the landlord of the property is a member of the program, rent to buy is not available on all property types. You don’t need to pay a deposit to reserve the property, but you will need to pay the first month’s rent upfront, just like in a standard rental agreement.


If you have been on the look for a rent to own home, then this article got you covered. We have made a list of homes you can choose from at your convenience.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like