Mataila Hairston

Global rent-to-own agreements let renters live in a home now, save toward a down payment, and work toward ownership later when mortgage readiness improves.
Most contracts pair a lease with a future purchase term, and some rent may be set aside in escrow to support the eventual down payment.
Lease-option deals give buyers flexibility at the end of the term, while lease-purchase deals require buying and can create legal liability later.
Costs can include a non-refundable option fee of ~2%-~7%, higher rent, and possible duties for repairs, taxes, utilities, insurance, or association fees.
This path can help cash-strapped or credit-building buyers, but success depends on inspections, clear terms, seller vetting, and guidance from a Real Estate attorney.

Global Rent-to-Own Basics for Buyers

A projected $1.26T in US commercial mortgages is set to mature in 2027, making it the peak of the current cycle and planning focus.
Owners should not treat refinancing as a routine extension, because lenders will run a fresh credit review using current underwriting standards, liquidity conditions, and costs.
New financing can bring different covenants, reporting rules, collateral protections, guaranty terms, and documents, so borrowers need to assess the full package, not rate alone.
If value or permitted leverage falls short, refinancing proceeds may not cover existing debt, creating an equity gap borrowers should estimate well before maturity.
Starting at least 120 days before maturity can surface document issues, inform lender discussions, and create room to renegotiate terms, guaranties, or equity.