Rent to own homes

We give you the platform where you can give and take the homes on rent. Instead of saving for a new home while you throw money at a rental, you realize you can move in this house right away. Even better, a portion of your monthly rent check will go toward your down payment or equity in the home. The process starts of course with a contract.  Actually, in this case it starts with two a rental agreement and an option to purchase. We will also assure the rental property is safe or not. There will be several standard terms and conditions you’ll need to meet. For instance, no smoking in the house, no pets, occupancy limits, and general conduct requirements. Violate these terms, and just like any tenant, you can be kicked out. However, this time, you also risk losing any money you’ve paid toward the home’s eventual purchase. The logic here is that you’ll be motivated to keep the house in top shape if it will be yours in a few years. However, the landlord would still be on the hook for any repairs so major that the home would be uninhabitable without them.

 

 

With a lease option agreement, you have the option of purchasing the home after the agreed-upon time period. However, if you go with a lease purchase agreement, you are legally obligated to buy the house.