Rent-to-Own is a legitimate way to buy a house if you have credit problems, no down payment, etc. It varies greatly, and it is all in the way a contract is written. ALWAYS have an attorney look over ANY contract before signing. Some paralegals can also look over a contract for you, but cannot give you legal advice.
Be certain that each thing is spelled out in black and white....how much of the monthly payment is rent, how much goes toward your downpayment, etc. Be sure that the amount going towards the down payment is held in a separate escrow account by the recipient of those funds.
20 years Paralegal Experience