RentToOwn-HouseFinder.com - What is a Lease to Own? (in simple terms) ?

What is a Lease to Own? (in simple terms) ?

We have a house we are interested in renting however it also gives the option to "lease to own".

it mean you are going to pay for a house that is way over priced,and you being the sucker. rates are low,look up hud homes..there are so many programs out there especially for a 1 st time buyer.
You pay extra up front and higher rent. All of this goes toward down payment to buy within a time frame, like a year. If you live there and decide not to buy the house then, they can keep all the extra money you paid. You do not get it back. They REALLY want to sell the house, but for some reason cannot so this is how they help someone buy the house for a little bit to get them to really like it want it not want to move and get the down payment for it. Usually you pay higher deposits and rent up front to apply later toward your down. You lose all of this if you choose not to buy at the end of the term.
I just read some idiotic answers. You negotiate the purchase price and then the going rate for the rent. Check the prices of the housing & rental market, then getting a lawyer is a must. Sometimes you can have the rental deducted from the purchase price, it depends how badly the owner wants to sell and how good of a negotiator you are.