Rent To Own Homes - Fixed Rent Payments

Our Rent To Own program, is a great way to become a homeowner.  As the name implies you first rent the property of your choice to secure it, and then you purchase it at the end or sometimes before the end of the agreement. 

The difference with renting a house and being in a rent to own agreement is that your rent price is fixed.  No changes will occur in the entire length of the agreement, usually a two to four year period. 

If were were to rent a house, with a normal rental agreement, you are subject to annual increases in rent. As a matter of fact the government has a set rate for landlords to do this. As of the time of writing this post, the government has actually increased that percentage this year. 

For 2020 the government has raised the increase by almost a half of a percent.  Now your landlord can increase rent 2.2% per year. If you were paying rent now for $1,900, next year you rent will be $1,942.  The following year it will be $1,985. And on the third year it would be $2,028. That is an increase of almost $130 of rent… per month!   That is $1,560 more per year just to live in the exact same location.

With our Rent to Own program, your rent prices are fixed. You know what they are at the start of the term and they will be the same at the end.  If your rent is $1,700 on day one of a three year agreement. Then on the last day three years later your rent will still be $1,700.

Locked in rent prices are just another reason why our tenant-buyers love our rent to own program and why our success rate is so high.