Lease Purchase

WELCOME TO A NEW PATH FOR HOME OWNERSHIP!

Are you close to being able to buy a home but aren’t quite ready?

Did you just move to Orlando and aren’t sure where you want to live? Do you need to rent right now but really want to buy a home in a couple years? A Lease with a Right to Purchase Program may be right for you.

How It Works

A Lease with a Right to Purchase Program allows you to find a home that you want to rent from our Investor initially, but may also like to buy in the next three to five years. We believe that there are many households who may be thinking about buying a home but for whatever reason would like to rent at the current time. You can lease the home for three to five one-year terms, depending on the state, and you may purchase the home from us at any time at a predetermined price.

Apply and Get Approved

 

Prospective residents start the process by filling out the form below and then a Pre-Qualification Application that checks key issues.

 

Find A Home

 

Prospective residents will work with a REALTOR® to find a home in an approved community.

 

Our Investor Buys the Home, You Lease from the Investor

 

Prospective residents will be required to sign a one year Lease for the home as well as a Right to Purchase Agreement.

 

Buy from the Investor

 

The Investor buys the home. You lease it and have the right to buy it later if you want to.

Lease Program Summary

The Investor provides responsible households with a clear and transparent path to homeownership through its Lease with a Right to Purchase Program. This program provides (3 to 5) years of rent certainty with only a one-year financial commitment on the lease.

ADVANTAGES

 

As with a standard lease agreement, the Investor requires you to sign a lease for a year and make a security deposit. Unlike a standard lease agreement, you will have renewal options providing (3 to 5) years of rent certainty and the right to purchase the home at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement. You can also select the home that you want to live in from those eligible and available for sale in communities the Investor serves – enabling you to live in a neighborhood today where you might not otherwise find a suitable home to rent.

 

LEASE AGREEMENT

 

Your initial lease is for one year, so your financial commitment is limited to one year. Your lease is renewable every year for (3 to 5) one year periods, and you have the right to notify the Investor if you don’t want to renew the lease. Your full security deposit will be returned as provided in the lease if you decide to leave the home at the end of a lease period and have been in full compliance with the lease.