FUTURE HOMES & REAL ESTATE LTD. Brokerage
102 Talbot Street East, Leamington, ON  N8H 1L5
519.322.1234 - 1.800.677.5810
www.future-homes.com ~ office@future-homes.com


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"RENT-TO-OWN" PROGRAM

Explanation:

Rent for twelve (12) months and receive 40% of the total rent you paid back at closing to purchase the home you are renting. Rent for three (3) months and receive 100% back at closing. No rebate is applicable beyond twelve (12) months. The Rent-To-Own program cannot be combined or used in conjunction with any other special offers or promotions that may be offered.

12 Month Rent-To-Own     Example:    
Property value $ 150,000.00
x Factor of .70 = $ 1,050.00 Monthly payments (plus utilities).
Rent for 12 months = $ 12,600.00 Total paid for one (1) year.
Less 40% Rebate = $ 5,040.00 For down payment at closing.
Actual Rent Paid After 40% Rebate = $ 630.00 Monthly ($7,560.00 for 12 months)
3 Month Rent-To-Own

Example:

Property value $ 150,000.00
x Factor of .70 = $ 1,050.00 Monthly payments (plus utilities).
Rent for 3 months = $ 3,150.00 Total paid for three (3) month term.
Less 100% Rebate = $ 3,150.00 For down payment at closing.
Actual Rent Paid After 100% Rebate = $ $    0.00 Monthly


Rent-To-Own Terms:

  • First and last month's rent must be paid, utilities transferred and post dated cheques issued prior to occupancy.
  • Personal contents and liability insurance will be the responsibility of the tenant during the lease if they desire to take out such insurance
  • The Rent to own option must be exercised anytime prior to 60 days of the one (1) year rental expiration date.
  • Above subject to change without notice, effective 02/19/07

This information is from sources believed to be reliable, however, it may be incorrect and should not be relied upon by a buyer without personal verification. Future Homes & Real Estate Ltd. Brokerage assumes no responsibility or warrants its' accuracy. All dimensions, values and dollar amounts are deemed to be approximate. The trade mark MLS® Multiple Listing Service®, displayed on this page, including CREA, the associated logos & design marks are owned by CREA. Copyright 1995-2008 © Future Homes & Real Estate Ltd. Brokerage. This website is maintained and updated each business day by the "Future Homes Team" Having trouble, need assistance? Contact our Website Administrator.  All rights reserved - LEGAL & PRIVACY POLICY. Updated 03.11.08