RentToOwn-HouseFinder.com - What does "Rent with option to buy" mean?

What does "Rent with option to buy" mean?

It means you are renting whatever it is you are renting (say an apartment), but that you also have a choice to buy the apartment within a set period of time for a specific amount (typically). People do this when they can't afford to buy something, but can afford to rent it, and anticipate wanting to own it in the future.
exactly what it states. the building is for rent or you want to buy it, you can rent it at a higher rate and apply it to the payment to actually own it. normally rent to own is a higher % than normal home loans and are like the buy here pay here car dealers of homes.
You can rent the place and normally after a few months to a year you are given the option to buy it.
For example my own situation. I do NOT have good credit, so it was very hard for me to find a home to buy. In Fl, there are many rento to buy homes and we got lucky. We are renting to own a 3br/2bath home in central Fl. They are asking for this home 179,000. We gave them a down payment of 3,000.00 and we rent for 800.00 a month. We will probably have to rent for 19 years before it becomes ours. The only catch is that if anything breaks, we have to fix it instead of the owners and we pay for the yearly taxes. It is a good way of owning a home if you do not have good credit now a days.
It's explained here http://answers.yahoo.com/question/index;_ylt=AsD0g5VXtM_RNoKcp.9P8Bnty6IX?qid=20070323140450AAPg1uH&show=7#profile-info-e7c3bba97d419b82754a63263dac1a5daa Buena Suerte