A rent to own business combines item rental with possible purchase of rented items. Items usually include furniture, tools, and large appliances. Terms vary tremendously from company to company, but in general the renter will rent or lease the item for a specified time period after which the item becomes available for purchase.
At least in theory, items rented can be returned at any time. Rent to own is attractive to some because rental does not require any down payment. On the other hand, items purchased through rent to own are typically several times more expensive than items purchased through standard financing.