Re:Today’s Renters Are Worse Off Than Their Parents
by itchyouch on Thursday June 30, 2016 @01:32AM
(#12006778)
Except the way lease-to-buy is usually structured is in favor of the landlord where the landlord usually still gets to keep the payments when the tenant moves out instead of opting for the purchase option. The vast majority of the time, the tenant will usually move out due to life circumstances anyway.
From what I've researched about Lease-to-buy, it is a strategy of charging higher rent.
Lease to buy is a thing, more or less as you describe. However, it removes liquidity for both the buyer and seller (buyer cannot exit easily, seller cannot exit easily). As a result, mortgages are more popular and more-or-less functional identical.