Lease to own or lease with option to buy

[Lilly Olabre]

Hi!

Can anyone please explain to me how a lease- to- own or lease with option to purchase works? Pls give me examples if possible because I'm dumb. I just want to understand the terms better so I can explain it to a tenant who is interested. How would that look like, what are the terms usually? How much downpayment? Is there interest? What happens after the term? Etc... or who can I talk to about this? Thanks in advance!