If you plan to enter into a rental agreement of any kind, we advise you to engage with a licensed professional broker. Working with a knowledgeable agent can save you thousands of dollars and ensure you won`t fall victim to fraud or inappropriate practices. Under what conditions would you lose your option to purchase the property? For some contracts, you lose this right if you are late with a single rent or if you do not inform the seller in writing of your intention to purchase. For example, the average price of homes sold in the U.S. in the third quarter of 2019 was $382,700, while the average monthly rent paid nationwide during the same period was $1,471. To get the price/rent ratio, you would give 382,700 by 17,652 (1,471 multiplied by 12) and 21.68. The higher the ratio, the more favorable the rental market. The lower the ratio, the more favorable the market is to buy…