Sounds off to me to require so much down payment, but I have no experience with rent to own.
Is the down payment being kept in escrow? I think it should be a “small” amount that would be added to a typical cash amount from a buyer if in the end they do wind up buying.
Rent to own makes sense to me for people who can’t secure a loan easily, or when owners are having trouble selling. When done right the tenant has the option to buy at any time during their tenancy, and the owner has the right to evict if the tenant fails to pay rent, and I guess maybe to keep any escrowed money. Escrow money can get tied up for years sometimes, needing a court of law to free it up.
Again, I have no experience with rent to own, I know people here know I worked as a realtor so I want to make it very clear I’m just guessing based on being 50 years old and having some knowledge of where advantages and disadvantages might be on the transaction.
Are you thinking about it as a seller or buyer?