Rent to Own Program


Rent-to-own is an opportunity to work towards home ownership when you are not in a favourable financial situation. These may include situations such as:

– Bad or no Credit

– Not a large enough down payment

– Not enough of an employment history (new  business owner or new job)

To find out more about this incredible program fill out the form below and we will get back to you:

Rent to Own FAQ

Here are a few of the most common questions along with the answers you need to get started.

What if I have bad credit?
Perfect, we’ll structure the deal to give you enough time to repair your credit so you can qualify for conventional financing at the end of the term. As long as you can provide the required option deposit and have the income to support your monthly lease payments, we can still work with you.
What if I am self-employed?
That is fine. We realize self-employed individuals may not have the same steady income, but as long as you can demonstrate a consistent track record, we should be able to help.
How much down payment do I need?
We require a small down payment, but this is just one component of the deal. A higher down payment may mean lower monthly lease payments, and increase your ability to qualify for financing at the end of the lease term.
What happens to my deposit?
Your deposit will be credited toward the agreed upon purchase price at the end of your lease term. The deposit is non-refundable, so if you choose not to purchase the home you will be giving up your deposit along with any accumulated rent credits.
How much of my monthly payment is credited towards the purchase price?
We structure our programs to credit some of your onthly lease payment towards the agreed upon purchase price. By doing so, we help you build a sizable down payment which will improve your ability to qualify for financing when it is time to purchase the property.
How long is the lease term?
Our lease terms generally range from 2 to 3 years. We structure our deals to suit your situation and set you up for purchase success at the end of your lease term.
Who pays for regular property maintenance?
As the intended owner of the property at the end of the lease term, you will be responsible for any maintenance or repairs to the property just as you would with your own home. The good news is that any repairs or improvements will directly impact the value of your future home.
Is the tenant responsible for paying the property taxes?
No the tenant is not responsible for paying the property taxes.
Who pays for insurance in a rent to own house?
During the lease term, we will cover the insurance on the home itself. Similar to renting, you will still require a tenant policy to cover your personal belongings during your lease.
Will I have a set purchase price for a rent to own house before signing a lease?
Yes. We will determine the final purchase price before signing an agreement. This will allow us to work together towards the purchase of your home with a specific price in mind. Having a set price will allow you to clearly understand what will be required to qualify for financing at the end of your lease term.
Can I choose my own home for rent to own?
Absolutely. We are happy to work with you to select the home you want in a neighbourhood of your choosing. We do have homes in our inventory from time to time, but ultimately we will work with you to own the home you want.
Can I rent to own a new home?
Sure. As long as your income and down payment meet our criteria, we are happy to work with you on a rent to own program that will put you into a brand new home.
What if I don’t want to buy the house at the end of the lease?
With our rent to own program, ownership is an option. We do our best to structure the program in a way that will leave you able to exercise your purchase option at the end of your lease term. Of course, your option lets you choose what you would like to do. If you do not exercise your option, you can walk away, but your deposit and accumulated rent creditswill be foregone.
How do I get started?
The easiest way to get started is to fill out our online contact form. Once we have a better understanding of your situation it will be easier for us to answer any other questions you may have.

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