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 90 days (there are exceptions), and at the end of the lease option (between 1 to 5 years), you have the option to purchase the property.
It’s as simple as that.
Who can apply to our Rent to Own Program?
- 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
Our program is for candidates in process of repairing their credit, who do not qualify for a mortgage only because of bad credit. It is available to candidates with significant savings. By that, we mean the minimum 20% of down payment requested by financial institutions for purchasing the selected house as an income property without insurance on the loan.
Candidates must have a permanent revenue stream in order to qualify for a residential mortgage on the selected property, considering they had a good credit at the time of qualification.
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 90 days
- Minimum 20% down payment ability
- The get the chance to repair and/or build your credit with our available tools and services
- 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!