Maine Lease to Own Agreement

The Maine Lease to Own Agreement allows those wishful of owning a home in Maine, but do not have the money for a downpayment or have an insufficient credit score, the chance to acquire the home of their dreams by first renting the home, and then optionally purchasing it at a later date. Although purchasing the property is indeed optional, tenants planning to enter into this type of agreement should plan on purchasing, as a portion of the monthly payments that go towards a down payment will be forfeited (kept by the landlord).