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When does the lease-to-own agreement become a purchase contract?
When the Tenant agrees to purchase the property the agreement becomes a Hawaii Purchase and Sale Agreement.
A Hawaii rent-to-own lease agreement is used when a tenant rents a property with the option to buy it later. The purchase terms are set when the lease is signed. If the tenant doesn’t buy the property, the lease ends when the rental period is over.
A Hawaii rent-to-own lease agreement is used when a tenant rents a property with the option to buy it later. The purchase terms are set when the lease is signed. If the tenant doesn’t buy the property, the lease ends when the rental period is over.
When the Tenant agrees to purchase the property the agreement becomes a Hawaii Purchase and Sale Agreement.