In a rent-to-own agreement, the landlord is “selling” the property but is giving the tenant time to slowly pay off the mortgage. In the meantime, the title is still with the landlord and doesn’t turn it over until the full rent payment has been made. This happens when a potential tenant may not have enough credit score to make a bank loan, but the landlord wants to sell the house instead of renting it out. So, both parties agree on this mutually beneficial setup.