, and things may change either for the worse or the better, you still have the option to pursue the ownership or just simply move to the next property. Unlike with a mortgage, wherein after signing the agreement, you are obliged to fulfill it. And this is regardless of what happens to you later on and if you default, you will suffer the consequences. For those with a negative credit, it is unlikely for them to get approved for a mortgage application but with the "rent-to-buy" option, they can already settle in the new place which will give the tenant ample time to improve his or her credit rating.