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Step Into Owneship Rent Now, Own Later

Flexible Lease-to-Buy Option

Lock in Your Purchase Price Today

Have peace of mind and benefit from future appreciation while safeguarding against market fluctuations.

A Simple 3% Commitment

With just a 3% down payment, you're taking a step closer to your home. This is applied directly to your eventual purchase price.

Rent for Now, Buy Later

Enjoy your home with flexible lease terms. You can purchase anytime within 36 months, with optimal pricing after 24 months to avoid prepayment penalty costs.

Detailed Lease-To-Buy Overview

How It Works - Secure Your Future Home with Flexibility and Assurance

Our Lease-to-Buy option is designed for individuals who value both flexibility and security. By committing to a purchase price today, you're given the peace of mind knowing exactly what your future holds. Over a span of up to 36 months, you can comfortably lease the property, with the exclusive legal right to purchase it at any time during your lease term. This ensures you won't be outbid or face unexpected price surges. The terms are structured in a way that allows you to plan your financial future with confidence, making certain your path to homeownership is smooth and transparent.

Your Investment Breakdown: Purchase Price & Down Payment

You are buying the home at the current listing price of the property. To initiate the Lease-to-Buy option, you'll provide a down payment of 3% of this price. Not only does this down payment secure the property for you, but it also counts directly towards your future home purchase.

Understanding Your Lease Commitment

The heart of the Lease-to-Buy option is the lease agreement itself. It's designed not just in your best interest, but also to meet the financial commitments we hold as property owners. Here's a breakdown:

  • Lease Term:
    You can purchase anytime within the 36-month option period. However, we require a minimum of 24 months rent collection due to our current bank arrangement. If you choose to purchase before 24 months, it's absolutely possible, but there will be a prepayment penalty from our bank equal to 2% of the purchase price. After 24 months, you get the standard agreed-upon purchase price. The monthly rent is based on current market prices, with renewal rates spelled out in advance.
  • Transitioning to Purchase:
    You have the exclusive right to purchase the property anytime within the 36-month option period. For the best pricing, we recommend purchasing after month 24 to avoid prepayment penalty costs. If you haven't purchased by month 36, you can transition to a month-to-month lease or renew for another term until you decide to close the sale. The lease ends immediately upon purchase.
  • What If You Choose Not to Buy?:
    Life is unpredictable. If you decide not to purchase the property within the 36-month option period, the initial down payment would be forfeited. However, this decision doesn't affect your lease status, and you can continue renting on a month-to-month or renewed lease basis.

This lease structure provides flexibility while ensuring both parties are protected and can fulfill their respective commitments. It's a win-win setup tailored for your home-ownership journey.

Carollina Terrace