Mississippi Lease to Own Agreement

The Mississippi Lease to Own Agreement, also called a “Rent to Own” or “Option to Purchase,” is a contract used for establishing the basics of an agreement where a home will be initially rented and later optionally purchased if the tenants decide to pull the trigger. The reasons a homeowner may decide to use this type of agreement instead of outright selling the property include the benefit of reaching a wider audience in a down-market and improved treatment of the property by the tenant(s) leasing the property.