What if the tenant decides not to buy?
We pre-select our tenants so they are motivated to become buyers. However, if their circumstances change, then they may not take up the purchase option. In which case, you have rented your property out over a longer tenancy than you would otherwise, and, with the tenant having taken greater care than others, your property will be ready to rent out to a new tenant right away. Again if the current tenant does not exercise the option to buy your property Rent2Own would either renew the option agreement with you or would probably buy it outright.
