What is Rent to Own?
“Rent to own is an innovative strategy allowing tenants get on the property ladder, whilst also offering landlords and property owners an alternative way of selling their property with insured monthly income”Rent to Own introduces ‘Tenant Buyers’, those individuals that may otherwise never have the opportunity of home ownership, but via the Rent to Own method are helped to evolve from Tenant to Buyer and ultimately, home owner.
The Rent to Own method utilises lease option agreements, which provide the Tenant Buyer and property owner with a transparent contractual agreement under which the property is rented at a fixed rent, for a fixed period of time with the option to purchase at the end of the term.
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