Repair and maintenance
This is yet another key factor you need to consider while signing a rent-to-own contract. Under a regular lease agreement, repair and maintenance activities are usually the responsibility of the landlord.
Under a rent-to-own contract, however, the tenant might be asked to maintain the property and pay for its upkeep. So, you should read the contract carefully and get a clear idea as to what your responsibilities are as a tenant.
It’s also a good idea to buy renter’s insurance which provides you with liability coverage and covers losses to your personal property as well.
