Pros and cons in rent-to-own schemes

RENT-TO-OWN (RTO) schemes and their various permutations offered by developers are a step in the right direction but there are several criteria if such schemes are to be a viable solution to home ownership, an academician said.

There must be sufficient units being offered, they must be in the right place, at the right price and the selection process is crucial for both parties, Universiti Malaysia senior lecturer Ainoriza Mohd Aini says.