Renting Own
(647) 780-7422
6985 Davand Drive, Unit 17, Alturas, Florida, L5T1Y7
About us
Rent-to-own concept works just like rent to own furniture albeit at a higher price bracket. The tenant and the owner enter into an ‘Option to Purchase’ agreement. It includes an initial fee plus a monthly rent and the buyer/tenant acquires the exclusive right to buy the property after a set period of time later at a pre-defined price. Usually, the fee stands at 2.5% to 3% of the home’s price. Besides the rent, the tenant pays another amount for the down payment.