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Things You Should Know About Rent to Own Furniture

Also known as rental purchase, rent to own furniture is a kind of legally documented transaction where furniture is leased in exchange for a weekly or monthly payment. This agreement also has an option to purchase the piece of furniture in question in accordance with the terms of your agreement. What distinct rent to own from a traditional lease is the fact that the lessee can purchase the leased piece furniture at any time during the agreement by using a hire purchase plan. If you don’t have an intention to purchase the furniture, the agreement will be terminated the moment you return the furniture to the lender.

In this agreement, a consumer using a rent to own service renews a lease on a weekly or monthly basis by making the renewal payments. The client can choose to terminate the entire agreement without any obligation by choosing to return the furniture. A client can also decide to make interval payments and terminate when he or she wants to without having any problems hindering the termination.

If you need permanent ownership of the furniture in a rent to own agreement, you will be allowed to pay off the remaining balance on the total cost of the furniture and you will be given them in full. Before signing the agreement, you can request certain features to be included which you think are very important for you. Make a list of these features so that you don’t leave any of them out of your agreement.
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Many consumers choose to engage in rent to own acquisition of furniture because of the lack of a credit check. Other benefits that make many people want to acquire furniture through this method is that you are able to get any furniture you want with the convenience and flexibility you deserve. The terms of the agreement must suit everyone’s needs before you acquire the furniture through rent to own.
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Rent to own is completely different from the traditional means of owning furniture which calls for paying the full amount before you are allowed to take the furniture home. In addition, it involves the delivery, assembly, and repair of the furniture in exchange for the installment fees. The plan helps you acquire the best furniture without extra fees other than the monthly payments for the lease.

If you don’t need the furniture you have rented through rent to own, you can easily return it to the shop without any problems. Some of these shops usually come to pick up the furniture that customers are no longer in need of. There are also cash options offered in certain number of months while into the rental agreement.