What to Expect as a Tenant Buyer

Being a tenant buyer is different than being a renter. In a rent to own agreement, since you’re both a tenant and the future owner of the home, you’re expected to take greater pride in the property and have greater responsibilities towards it, and you’re expected to uphold your duties as a good tenant as well.

While usually the mortgage, taxes, and large repairs are covered by the seller during the option period, you as the buyer are responsible for the maintenance and upkeep of your new home, just as you would be if you bought it outright.

As it is with a bank mortgage, you will be expected to make payments on time; if you don’t there can be financial consequences, such as forfeiting that month’s percentage of the rent that goes towards the purchase of the home.

Being a tenant buyer is sort of like a bridge loan between renting and homeownership. You have the obligations of being a good tenant, but you’re also held to a higher standard that you would be held to as the owner of the property.

Renting to own gives you the future opportunity of homeownership while grooming you for the responsibilities that come with it. We have programs in place to qualify you for your first or next home.

If you need help or an honest assessment on the sale of your house, feel free to contact us. We will make you an offer within 48 hours.

Related posts:

. HI is easy to avaiable call girls in Lahore so Now call Mr. Kabir 03227777502. Lahore. 2:02. Fire breaks out in PTI MNA hotel room in Lahore. ARY NEWS. 5:21. Caℓℓ Jaky* O8888994383 PUNE iℕdℰpℰℕdℰℕt…

Days after the conclusion of a series of miniature low-impact “Coffee with Your Congressman” events, Dan Donovan remains despondent this Thanksgiving.

Help us get on the FCoin Exchange! From now to July 1, register an FCoin account and transfer any amount of SGCCs to your FCoin wallet to cast 1 vote and to receive 1888 FREE SGCC! Send screenshot…