ATTENTION! PROGRAM TEMPORARILY CLOSED
DUE TO HIGHER THAN EXPECTED DEMAND, THIS PROGRAM IS CURRENTLY CLOSED TO THE PUBLIC UNTIL A WAITING LIST IS REDUCED - YOUR SUBMISSION OF CONTACT INFORMATION IS STILL WELCOMED SHOULD YOU WISH TO BE ADDED TO THE WAITING LIST.
Your real estate broker with rent to own programs in collaboration with a specialist operating in the field in the the nation's capital
What is rent to own?
Rent to Own is a rental agreement which leaves you with the option to purchase the property you are currently renting, at a price that is predetermined at the beginning of your contract.
This means that you get the chance to live in the property of your dreams in as little as 30 to 60 days, and at the end of the lease option (between 1 to 5 years), you have the option to purchase the property.
Meanwhile, in exchange for a 2 to 5% initial deposit (could be as low as $3,500 - we can help you if you don't have it), placed at the time of the signing of the lease option/contract, as well as a portion of your rent saved for you, you build up - or repair - your credit with the help of our credit counselor, as well as gradually accrue the cash down necessary to purchase your property.
It’s as simple as that.
Who can apply to our Rent to Own Program?
People who do not qualify for a mortgage, but do make an income that would allow them to rent and maintain a home. Let's look at some potential causes for such a situation:
- Less than perfect credit
- Bankruptcy in the last 7 years
- Little to no credit history (e. g. new worker or immigrant to Canada)
- Self-employed
- Divorce, which affected ability to purchase a house
- Don't have the required down payment
What are the advantages of our Rent to Own Program?
- You get to choose the house of your dreams and move in it in about 30 to 60 days
- An initial deposit (2-5%) that is cheaper than that asked by the bank
- The get the chance to repair and/or build your credit with our available tools and services
- You progressive build up your cash down required by the bank. 100% of your initial deposit, as well as 20% of your rent, will be credited towards the purchase price of your home
- You know from Day 1 the price you will be purchasing your house for at the end of the lease option, thus avoiding unexpected market price increases
- You take your time in deciding whether or not you will be purchasing the house
- My corporate partners who manage the Rent to Own program pays the municipal taxes, school taxes, and the property insurance for you for the duration of the lease
What sets us appart from the competition?
A personalized approach perfectly adapted to your needs, a highly flexible Program, and team - made of the best professionals in the NCR - working with you, for you.
Why the NCR?
The real estate market in the National Capital Region has barely flinched during the recession of 2009. Property prices continued to rise more than 19.2% over the last 4 years and sales have continued to increase. This trend makes it increasingly difficult to acquire property by individuals.
Contact Michael Lederman to arrange an assessment on how we can help you access your home sooner than you ever imagined!