What are the details of a sample Rent-To-Own transaction?
Transaction Overview Terms of Lease Rent-To-Own buyers enter into a lease agreement for a fixed period of up to 36 months. At the conclusion of the lease, the buyer will have the right to exercise their Option To Purchase the home. Purchase Price. The purchase price will be determined before the Rent-To-Own lease agreement is finalized and signed by the buyer. This price is fixed and will not change after negotiated and agreed to by the buyer and House Buyers, LLC. Rent Credit In addition to the down payment, House Buyers, LLC may be able to offer additional credits towards the purchase of the home in the form of monthly rent credits. A “rent credit” is a portion of the monthly lease payment that is applied to the overall purchase price if and when the Option To Purchase is exercised at the end of the lease agreement. The amount of the rent credit and the down payment will vary by each transaction and buyer’s needs and/or abilities. Rent-To-Own Assistance Throughout the term of the lea
