Rent-To-Own Agreement 2. When Do I Need One? Use a Rent-to-Own Agreement when you plan on purchasing or selling a rental property. A Rent-to-Own Agreement is used when a tenant wants to rent property for a set amount of time, usually several years, and have the option to purchase the property at or before the end of the term. A rent to own agreement form is a contract between the landlord (a property owner) and tenant (a renter) over a specific property. It is often established between the two sides within a specific period of time. Rent to own is a great option for a potential new home owner, as they get the chance to try a property before they buy it. Customize your Rent to Own Agreement and print in minutes. Step-by-step guidance throughout the process, powered by Rocket Lawyer. Customize Your Own Contract with eForms. Create your Rent to Own Contract in minutes with guidance from eForms. Index of Printable Contract Examples.