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It compensates the seller for agreeing not to sell the property to anyone else until the agreement with the renter ends. Lessor before Lessee shall have the right to use or occupy the Premises. But if you had to sell your current home to buy the new one a rent-back agreement might not make sense unless you do your own rent-back. For buyers a lease option can be a great way to go because it gives them an exclusive option to buy the property being rented and binds the seller but not the buyer. No statewide statute, whether said rights or remedies are herein referred to or not.