Explore the key elements of a contract with your young adults, and delve into the features and unique benefits of a rent-to-own contract through discussion and worksheet practice. 

Concepts

buying a house, personal finance, financial literacy, future planning, financial goals, interest, interest rates

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Additional Tags

math

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Instructional Ideas

• As this may seem like an irrelevant subject for most high school students, consider having them discuss this type of contract with another adult and report back to the class on what they discovered
• This is an excellent springboard for research on the commonality of a rent-to-own contract, as well as for examining the housing market in your area

Classroom Considerations

• This is the final lesson in a series of nine designed for high school personal finance classes. Several topics have preceded this lesson, including banking practices, receiving and providing credit, and calculating annual percentage rates to determine how much interest one pays on a loan 

Pros

• Clear instruction provided for teacher
• All worksheets and answer keys included

Cons

• None

Common Core

RH.6-8.2 RH.6-8.4 RH.6-8.7