Prepare for a Storm Surge. A storm surge is water that is pushed onto shore by a hurricane. It is rarely a wall of water as often claimed, but rather a rise of water that can be as rapid as several feet in just a few minutes. The storm surge moves with the forward speed of the hurricane â typically 10-15 mph.
Rent to Own Homes: Definition A rent-to-own strategy, also known as a âlease optionâ or âlease purchaseâ involves leasing out a home to tenants with a legal agreement allowing the tenants the exclusive right to buy the home within a certain time period.
Save. A well-advised, clearly written agreement is key to a successful rent-to-own deal. A rent-to-own contract, also known as a lease-option contract, can be a great way for a credit-challenged renter to become a homeowner.asics Terms to Include in the Contract. A rent-to-own contract should include several key terms: 1  Home price you will pay if you decide to buy at the end of your rental term. 2  End date, or time frame, for exercising your option to buy the home.