A lease to own house purchase also rent to own purchase or lease purchase is a lease combined with an option to purchase the property is that true?

A lease purchase is a method of buying a home by way of a rental or lease agreement that includes a clause (option) allowing the renter/lessee to purchase the home within a specific time frame. Sometimes called an option or a rent to own purchase, this home-buying method is similar in concept to renting to own a property, only the financing of the property is generally transferred from the seller to a lender once the renter/lessee exercises the option to purchase the property. Lease purchases are popular amongst homebuyers with poor credit, who cannot get financing, and are often used as a means to secure a home at a set price while repairing credit issues in preparation for bank financing. These instructions will guide you through the process of a lease purchase.