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Homeownership Terms to Know: Rent-Back Agreement, Joint Tenancy & More

Windemere Buying

Rent-Back Agreement. A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. Tenancy In Common. When co-buyers hold a title as tenants in common, shares of the property can be divided equally or unequally.