How does it work?
In a Rent to Own agreement, the potential buyer has the option of seeking for their own ideal house or choose one that is available within the program. The buyer agrees to rent the property for a set amount of time, and has the choice of exercising the option to purchase the property any time before the lease expires, or the option of extending the lease.
Why Rent-to-Own
Our Rent-to-Own Program is for individuals and families who do not qualify for traditional mortgage financing. Some possible limitations are,
- First time home buyer
- Self Employed/Business Owner
- Lack of downpayment
- Bruised credit
- New to Canada/Relocation
- Recently Bankrupted?
- Going through Divorce?
Tenants enrolled in our program have a clear strategy to becoming home owners in the near future, whilst improving and building their credit report with our Credit Repair Specialist.
Being in Rent-to-Own lets you experience the pride of becoming a homeowner. Also providing you the freedom to make minor renovations and improvements to your home, at the end of the day it is your home.
Purchase Price
Locked in purchase price! The purchase price of the House will be locked in for the duration of the program.
Rent
Locked in rent for the duration of your lease term, allowing you to take the necessary time to either repair your credit or save up more!