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
