Florida Rent-to-Own Properties   

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FAQs

What is a rent-to-own property?

Rent-to-own homes, which are generally known as lease-purchase or lease-to-own agreements, are a type of housing arrangement where a tenant rents a home as has the option to buy it in the future.

Why choose rent-to-own?

An alternative and sensible route to home ownership is renting a house before buying. The difficulties of purchasing a home via conventional techniques have significantly grown in today's housing market, particularly with the emergence of investment and short-term rental homes.

Buyers with low credit scores or those who just lack the substantial down payments necessary to purchase a property can use the rent-to-own procedure to live in their home while raising their credit ratings, funding their savings accounts, and increasing their equity.

Do you have up-to-date properties?

Yes! Sign up to our early bird list and we'll email you as soon as a house comes onto the market that meets your criteria.

Where do you have houses?

Nationwide. Get Started Now to see properties in your area. 

Can properties be obtained without down payment?

Yes. This is the typical structure of rent-to-own agreement. With a typical house sale you will need a mortgage to finance the purchase price. You will also need a down payment and a good credit score. This is not necessary with rent-to-own properties which provide a viable route into the housing market for anyone who does not qualify for a mortgage.

How do rent-to-own contracts work?

The agreement typically involves two separate contracts: a lease agreement and an option to purchase agreement. The lease agreement lays out the terms of the rental agreement, such as the monthly rent, duration of the lease, and any other conditions for living in the home.

The option to purchase agreement gives the tenant the right, but not the obligation, to buy the home at a specified price during a predetermined time period, usually one to three years.

In a rent-to-own arrangement, the tenant typically pays a higher monthly rent than they would in a traditional rental agreement, with a percentage of the extra payment going towards the eventual home purchase. This portion of the rent payment is called the "rent credit" or "option money." If the tenant decides to exercise their option to purchase the home, the rent credits and option money they have paid are applied towards the purchase price.

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