Lease-to-Own Key Considerations

Lease-to-Owning a home can be an excellent opportunity. Best Practice rules in the industry include:

  • Choose Lease Option over Lease Purchase agreement
  • “Lock In” Purchase Price (avoid having the Purchase Price increase or ‘escalate’ during the Lease Option timeframe)
  • Have the property Purchase Price and the Lease Payments be in the same range as comparable properties in the neighborhood
  • Have Taxes and Insurances incorporated into Lease-to-Own Agreement
  • Know what the financial “trigger” is within Agreement (i.e. what percentage the Tenant/Buyer needs to achieve to be eligible to convert the Lease Agreement/Option to Purchase Agreement to a Contract for Deed

Lease2OwnAmerica™ Benefits

  • Lease2OwnAmerica™ uses transparent, easy-to-understand Agreements
  • While the value of the home may increase above the Purchase Price, Lease2OwnAmerica™ never changes (increases or escalates) the Option to Purchase and Monthly Lease as long as Tenant/Buyer is compliant with payment terms 
  • Lease2OwnAmerica™ gives the Tenant/Buyer several years to achieve the 20% ‘trigger’ before assisting the Tenant/Buyer with a traditional contract for deed
  • Lease2OwnAmerica™ has a 98% underwriting track record (favorable applicant approval process)
  • Lease2OwnAmerica™ monthly Lease Payments include tax and insurance
  • Lease2OwnAmerica™ monthly Lease Payments often match ‘rent prices’ in the same area
  • Lease2OwnAmerica™ Tenant/Buyers receive a $500 referral bonus

We take our tagline seriously:

Home Ownership for All.®