FAQs

What is Rent To Own?

Rent to Own, also known as Lease to Own is when the tenant (or tenant/buyer) leases a home from a landlord for an agreed period of time with an option to purchase the property at the end of the lease term.  Like a regular homeowner, the tenant/ buyer has full control of the property. Upon the expiration of the lease term, the tenant/buyer has the right to exercise the option to purchase the property from the landlord based on the agreed future purchase price which is determined at the start of the lease term.

How much cash do I need for a down payment?

The minimum requirement is 4% of the target price of your home or $20,000 whichever is higher.

How much do I need to pay every month?

The monthly payment has 2 components, the regular rent and the monthly deposit credit that accumulates as your total down payment and is deducted to the agreed purchase price.

I have personal/financial difficulties at the moment, can I qualify for RTO?

We will help you understand the factors that could impact your mortgage qualification and affordability and we will design a plan unique to your situation to get you to your home ownership journey.

We highly recommend that you book for a brief consultation with us. You may email or call us to make an appointment, our general response time is one business day.