There can be various reasons for a person to opt for a rent to own home, here are a few examples; ·         Someone who has to relocate immediately to a different place altogether: since the renting to own facility allow the buyer tenant to make a nominal down payment and then start paying up by the monthly fess it is really one of the easiest ways to start the purchase of a home. The buyer usually has to pay an option consideration fee which will be deducted from the price of the house when he finally buys it.·         Usually a 20 percent down payment is required when someone wants to make direct purchase with a home loan, but sometimes it may so happen that a couple might not have the money to make the down payment. In such a scenario it is a better option to go in for a rent to own home as they do not require the user to make huge down payments.·         People who have unfavorable credit ratings can also opt or the rent to own home facility, as this provides them with an option to repair their credit while being in the process of buying the home. The deals are designed in such a way so that the couple qualifies for the house loans by the end of the lease period. ·         You can acquire a home through rent to own even if you have gone through bankruptcy.  Rent to own homes are now one of the best possible ways for people with bad credit to repair their credit status and get a shelter above their head as well. The traditional method of acquiring a home requires the buyer to have a perfect credit record; the buyer should not have any previous cases of bankruptcy.  Most commonly people who take loans or qualify for mortgages have to pay up twenty percent of the total price of the house in the form of Down Payment; it is not really needed to mention here that most of the buyers are unable to make such a huge amount of down payment.  Bu what will happen to the vast majority of the people who have bad credit histories and do not have such a huge amount of money to make a down payment that large? The answer lies in the rent to own home buying policy.   The rent to own home facility allows the buyer to make a nominal down payment and move into the house immediately, there is usually a lease period during which the buyer will have to decide whether he wants to buy the house or not. The rent paid by the buyer tenant is usually accredited to the rent credit account so that the price of the house is lowered to a certain extent.  Besides, the price of the property during the lease period remains the same so the buyer is in no great hurry and does not have to worry about the closing price of the property. Rent to own is a great way to become a home owner by a smooth and relatively hassle free process.