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    We find that even though many Roanoke Buyers are interested in Rent To Own transactions most do not fully understand the transactions at first, not to mention how to tell if it is structured properly.  Here we will discuss the basic structures of a Rent To Own / Lease Option transaction so you know what to look for when buying your next home. Definitions: Lease – A contractual agreement between the Lessor/”landlord” and a Lessee/”Tenant” Option — An option is the right to convey a piece of property.  The person granting the Option is called the optionor (or more usually, the grantor) and the person who has the benefit of the option is called the optionee (or more usually, the beneficiary). Lease With Option To Purchase — This type of transaction consists of a Lease for a specific time as well as a SEPARATE Option for the same …

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