Contracts
In Virginia, a 'rent-to-own' agreement is legally a combination of which two agreements?
AA mortgage and a deed
BA lease and an option to purchase (or installment land contract)✓ Correct
CA purchase contract and a deed of trust
DA listing agreement and a buyer representation agreement
Explanation
A rent-to-own arrangement in Virginia is typically structured as a lease with an option to purchase (lease-option), where a portion of rent may credit toward the future purchase price.
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