FAQs

How much does this program cost?

The range is dependent on range of Home Purchase Price however a summary of fees are listed below.

• Non Refundable Deposit for Option to Purchase: $6,000 to $15,000
• First and Last month’s rent: $1,250 to $2,500 per month
• Non Refundable Rent Credit amount included in the monthly rent: $200 to $500 per month

What happens if the hot water tank breaks?

We will do our best during the process of the purchase and at the home inspection to ensure that any major questionable items are exposed and discussed. However once you are living in the home, just like a regular home owner all of the regular home expenses, regular maintenance and repairs will be your responsibility.

What about the Property Taxes?

We will pay the property taxes and the cost will be covered in your monthly rental fees.

What about my dog?

Completely welcome – all of your pets are welcome in YOUR HOME!

What if I am late on rent payment?

The terms are just like you own the home, you must pay on time or you could end up in a position in which you lose your monthly credits and your Option to Purchase deposit.

Can I paint the walls?

You can go ahead and make any improvements that you want to the home, make it yours!

What about the Utilities?

Just like when own your own home; you are responsible for establishing services and payment all of the utilities.