Rent Credit is a portion of the rent that is credited monthly and used as a downpayment when you decide to purchase. When you are in a Rent to Own agreement, credits are only calculated on rents received on or before the due date. If the rent is received after the due date, tenants do not receive any credits. To insure full credits, make sure you pay the rent on or before the due date.
What is a Rent Credit?
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