As for residents, they were able to move into the newly constructed homes under a rent-to-own purchasing agreement. residents as if they’re homeowners from the day they enter the property,” McGeady.
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Rent to Own Homes in Sugar Land . Sugar Land is positioned in the heat of southern Texas, approximately 25 miles southwest of Houston. The city was originally called Oakland Plantation in honor of the many oak trees populating the area.
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The product will cover property with the maximum value of N15 million. Unlike the rent-to-own scheme operated by the Lagos State Government which targets all civil servants in the state who are.
Learn whether a lease-to-own or lease-option agreement is a good choice for tenants who want to buy the home they rent.
HousingList provides buyers with a full database of rent-to-own, HUD Homes, and Foreclosure real estate in their area. Visit our library to learn more about what a rent-to-own home is, how to rent-to-own, and other common questions buyers have asked over the years.
In a rent to own arrangement, the buyer and seller typically agree to designate a portion of the monthly rent paid is applied to the purchase of the property. The home’s purchase price is usually agreed to in advance so there is reduced risk of an increased price at the future purchase date.
The Pros of Rent to Own Houses. The tenant and the owner agree on a purchase price at the beginning of the lease and the tenant pays the owner an option fee of 1 to 5 percent of the purchase price. The seller credits the tenant with the fee against the price of the home when they finalize the sale at closing.
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A Smart Alternative: Owner Financed and Rent to Own Homes . Search our listings for the latest available rent to own homes in Ohio. These listings can offer an attractive alternative to traditional financing, since downpayments and mortgage pre-qualifications are not usually required for a rent to own situation.