Purchase Price

The Purchase Price represents the agreed upon sale price of the property.

Initial Option Payment Amount

The Initial Option Payment Amount represents the agreed upon percentage of the Purchase Price and is the initial installment to the Purchase Option (typically 5% of Purchase Price).

Subsequent Option Payment Amount

The Subsequent Option Payment(s) Amount represents the remainder of the Full Option Payment (typically 15% following the Initial Option Payment of 5%) and is paid out over the term of the Option to Purchase Agreement (48 month term is standard).

Full Option Payment Amount

The Full Option Payment(s) Amount represents the total of the Initial Option Payment Amount and the Subsequent Option Payment(s). This Amount typically represents 20% of the Purchase Price.

Monthly Lease Payment

The Monthly Lease Payment (aka monthly rent) is market based and reflects rents at or below those in the same neighborhood.

Balance Due at Signing

The Balance Due at Signing represents the Initial Option Payment, Lease Application Fee and the first months Lease Payment. This amount reserves the property for the respective Home Owner pending application approval.

No Monthly Lease Payment Increases!

Lease2OwnAmerica’s Monthly Lease Payment (aka monthly rent) DOES NOT increase by 3%-5% like many of our competitors.

Due At Signing $1,000
Year 1 $1,000
Year 2 $1,000
Year 3 $1,000
Year 4 $1,000

No Purchase Price Increases!

Lease2OwnAmerica’s Purchase Price DOES NOT increase by 3%-5% like many of our competitors.

In the example below, if the Purchase Price of the home is $100,000, your Purchase Option Price remains the same for Years 1 through 5 as follows:

Due At Signing $100,000
Year 1 $100,000
Year 2 $100,000
Year 3 $100,000
Year 4 $100,000

*There may be additional closing costs that the Tenant/Buyer will incur when they exercise the Option to Purchase and become a traditional homeowner. These include mortgage and financing fees, appraisal fees, transfer taxes, attorneys’ fees, title insurance. As a result, actual total costs to exercise the Option to Purchase will vary.


Your Option Payments are Credited to your Option Purchase Price!

Upon full payment of the Full Option Payment, Lease2OwnAmerica shall credit the amount of the Full Option Payment to the Purchase Price of the property.

Scenario of Property with a $100,000 Purchase Price

Using a property with a $100,000 Purchase Price, the Full Option payment (using the typical 20%) totals $20,000. Lease2OwnAmerica’s program can allow this to be paid over five years. At the time of leasing the property, you will put down your first option payment of $5,000 (5% of the agreed upon Purchase Price). Then over the next 4 years you will pay $3,750 each year until the Full Option Payment is reached ($20,000 total). This amount allows you to execute your Option to Purchase and the $20,000 is credited to the original $100,000 Purchase Price; thus reducing the amount you owe to $80,000!*

Due At Signing $5,000
Year 1 $3,750
Year 2 $3,750
Year 3 $3,750
Year 4 $3,750

*There may additional costs that the resident will incur if they exercise the Option to Purchase such as closing costs to purchase the home, including transfer taxes, attorneys’ fees, title insurance, and the cost of a mortgage loan. As a result, actual total costs to exercise the Option to Purchase will vary.

Here’s a Sample of the Whole Picture!

Mo. Lease Payment Option Payment Purchase Price
Due At Signing $1,000 $5,000 $100,000
Year 1 $1,000 $3,750 $100,000
Year 2 $1,000 $3,750 $100,000
Year 3 $1,000 $3,750 $100,000
Year 4 $1,000 $3,750 $100,000

Click Here to View or Download an Actual Sample of a $100,000 Pre-Agreement Worksheet


Execute Option to Purchase Est. Mortgage Payment Total Option Credit Remaining Purchase Price
$0 $734** $20,000 $80,000

**Payment based on 30 year term. 5.5% interest rate. $454 in Principle and Interest. $221 in Homeowners insurance. $59 in Property Tax Source: BankRate.com


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