Condominium Lease to Own Program

Our Lease to Own program allows you to save money towards the purchase of a townhouse while you're renting.

Here's how the program works. Once you've made the decision that you want to be a homeowner, you can lease a townhouse and with each monthly rental payment be saving money that goes towards the purchase of a townhouse.

As an additional incentive, for every dollar you decide to pay in rent over and above the going monthly rental rate we will match that amount dollar for dollar up to $100 per month for 12 months. Also, the rental security deposit you put down will also be returned to you to use for your down payment on the final purchase of the home.

So, the numbers look like this: $100 additional rent plus our matching $100 each month results in a cash equivalent buildup after 12 months of $2,400. In addition, the rental security deposit of $500 and an additional fully refundable Lease to Purchase deposit of $500 is available to put towards a home purchase, so that after 12 months you will have accumulated $3,400 towards the purchase of a townhouse.

This program is designed to give you maximum flexibility. You can change your mind at anytime during your lease period about how much you want to pay in additional rent or if you even want to purchase a home. At anytime you can eliminate the additional rental payments, and should you decide that you want to cancel your option, your $500 Lease to Purchase deposit will be returned to you.

If you're considering this option and have questions, please give us a call at 636-530-9181.