Stop running from your creditbility problems?
What is Rent to Own?
A rent-to-own or lease with an option to buy is an agreement between a landlord-seller and a tenant-buyer. This agreement framed by a legal contract allows the tenant-purchaser to acquire the property he leased at a later date and at a predetermined price. Rent-to-own allows the tenant-buyer to rebuild their credit score. It also allows him to take advantage of the capital gain on the building.
Rent To Own is an alternative real estate solution
Target audience for rental with option to buy
It is designed for people who cannot obtain a conventional loan (with a financial institution). Rent To Own is a solution designed for people in the following situations:
People who have filed for bankruptcy and/or consumer proposal in recent years.
People whose credit score has deteriorated.
Self-Employed Workers.
The Newcomers.
People who are prohibited from paying interest for religious reasons
Lease-purchase stages
1. Customer qualification: This step makes it possible to establish the customer’s eligibility for the program after qualification.
2. Qualification of the building: Together with the customer, we look for his future home. Once the property is targeted, we order an inspection and an assessment of the building to ensure that this building meets the needs of the tenant-buyer but also our criteria.
3. Purchase of the building: We buy the building that we rent to the tenant-buyer.
4. Rental-purchase contract: It is made by a lawyer who stipulates the monthly rent that the tenant-buyer will pay to the landlord-buyer, the purchase price of the building, the terms and the date of the buyback.
5. Redemption of the building: This is the last step in the process, and it consists of the tenant-buyer buying the building and becoming the new owner. You will have our full support during the process. We support you during this process.
IN THE END, YOU WON'T HAVE TO COMPROMISE ANYTHING!
Our main objective is to help people keep their property or acquire it. We assist our customers every step of the way to ensure that they make informed decisions and that the process ends successfully. Our Turnkey Services include the following:
