Updated April 14, 2023
A Maryland rent-to-own lease agreement is a rental contract between a landlord and tenant with an option to buy the property. The tenant will have this option during the term of the lease only. If the tenant does not buy, the agreement will terminate at the end of the lease term. Seller financing is a common occurrence with rent-to-own agreements.
Rental Application – Use to gather an applying tenant’s information and consent to run a credit report and public records search.