Your next DREAM HOME

What is the rent to own’s right to purchase?

Once the home is purchased and you are renting from the company, you will have the right to purchase the home at anytime during the next five years. While your lease is renewed each year, you are guaranteed the right to renew it for five years. Each year during the lease, your rent will increase by no more that 3.75%. For example, if the Monthly Rent for Year 1 is $1,500 per month, the increase for the next year is $56/month (ie, $1,500 x 1.0375).

Of course, the whole point to this program is you having the right to purchase the home any time during the five year lease. Each year, the Purchase Right Price increases by 5% (ie, Prior Year Purchase Right Price x 1.05). In the example, if the Total Cost Basis of the home is $150,000, then the Purchase Right Price for Years 1-5 is as follows:

Year 1 ………………………………. $157,500
Year 2 ………………………………. $165,375
Year 3 ………………………………. $173,645
Year 4 ………………………………. $182,325
Year 5 ………………………………. $191,442

 A 5% increase in price can sound like a lot until you factor the growth of the Tampa Bay area. We are seeing growth in values of homes ranging any where from 8 to 12%. If this growth holds true over the course of the max of five years, you stand to purchase a home with a significant amount of built in equity. Of course, past market performance should not be used as a guarantee of future market performance. As such, please do not use this information as a determining factor in your decision to move forward with the program.

affordable rent to own

As you see, the Rent to Own Programs we offer makes it very affordable rent to own.  Soon you will forwarded to our rent to own homes listings.  

There are additional costs that you will incur if they exercise the Purchase Right such as closing costs to purchase the home, including transfer taxes, attorneys’ fees, title insurance, etc. Therefore, actual total costs to exercise the Purchase Right will vary. 



Conventional Purchases- www.centralFLlistings.com

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Rent To Own Programs