RENT TO OWN AGREEMENT

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Rent to Own

Rent To Own Agreement

  • Sick of renting?
  • Don’t qualify for a conventional mortgage?
  • Damaged Credit
  • Low Down Payment
  • New To Canada
  • Self Employed
  • Tax Arrears
  • Facing Power of Sale
  • Facing Foreclosure

If any of the above apply to you, Rent to own might be a solution for you.

Rent to own is a real estate term relating to a real estate agreement, which is comprised of a rental lease and a purchase agreement where the tenant has the option to purchase the property at a fixed price at a specified point of time in the future. It is also known as lease to purchase option, lease option, owner financing or lease-to-own
Source: Wikipedia, the free encyclopedia

To Purchase a home using Rent to Own agreement :

  • Purchase must be within an Urban Center
  • A minimum of 5% down payment is required to start
  • Maximum purchase price must not exceed 5x total family income
  • Current Credit Rating does not matter

If you like to have more information if rent to own program is an option for you, please feel free to contact us 204-800-8264.