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An Oklahoma rent-to-own lease agreement, also known as an “option to purchase agreement,” is a residential lease with an option for the tenant to buy the residence. This agreement covers standard rental obligations like monthly payments and the lease term. It also establishes the consideration (a deposit to secure the option to buy), purchase price, and other selling conditions.
An Oklahoma rent-to-own lease agreement, also known as an “option to purchase agreement,” is a residential lease with an option for the tenant to buy the residence. This agreement covers standard rental obligations like monthly payments and the lease term. It also establishes the consideration (a deposit to secure the option to buy), purchase price, and other selling conditions.
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