Frequently Asked Questions

General questions about our company and service we offer on this website:

What does Rent to Own actually mean?
Do appliances or furniture come with a rent-to-own home?
Is there a down payment on a rent to own home?
What are the benefits of a rent to own home?

What does Rent to Own actually mean?

In most cases, a rent to own agreement is a contract on a property that works like a lease and leads to a purchase. It’s often called a lease with an option – or a lease/option agreement for short.

The lease portion is a standard rental agreement that includes monthly rent, security deposit, and other typical terms.

The option in the contract gives the tenant/buyer the right to purchase the property after a set time period – usually around 3 years. This gives them the ability to save money towards a down payment, repair credit, increase their income, or otherwise improve their ability to qualify for a mortgage.

Most of the time people use a traditional mortgage loan to purchase the property prior to the expiration of the option period, but there are other options if your financial situation has unique needs.

We help lots of folks like you to sell their home.

Fill out the form to get started!

Do appliances or furniture come with a rent-to-own home?

Most of the time, furniture isn’t included with a lease/option purchase.

Generally, the basic appliances are there – like a refrigerator, stove, oven, and sometimes extras, like a dishwasher, a washer, and a dryer. Parts of a property that are installed or attached – like the heating system and air conditioning – are definitely included.

Sometimes, we’ll offer a property that includes some furnishings. Most buyers want to bring their own stuff with them from their previous home, and that’s why furniture is sold separately.

There are many companies out there that provide a rent-to-own service for furniture or extra appliances, and you’ll get lots of choices on styles and types.

But be careful!

Even though rent-to-own real estate can be a great deal, some (not-so-honest) furniture companies will charge you huge amounts for a rent-to-own agreement. You might end up paying 2-3x more for these products than if you bought them outright.

Plus, those appliances will probably go down in value – unlike real estate, which usually goes up in value.

Of course, you want your money to be going to an asset (like your home) that will rise in value, not expensive interest payments on new furniture.

So don’t wait! Fill out the form to get started now!

What are the benefits of a rent to own home?

There are a lot of benefits of a rent to own agreement!

In the Atlanta area, lots of smart people are using rent-to-own agreements as a way to get the home of their dreams without having to qualify for a bank loan right away.

In the past few years, banks have been very tight on their lending criteria. Most people who use a rent to own agreement want a few years to get ready to qualify.

Here are a few more reasons to use a rent-to-own agreement for tenant/buyers:

Try before you buy! Tenant/buyer get to live in your rented home before they actually purchase it, allowing them to make sure it’s actually their dream home. If they don’t like the house, they don’t have to complete the purchase.
Own without great credit or a big down payment. Tenant/buyer can start feeling like a homeowner right away while saving up and improving their credit.
Privacy. Tenant/buyer isn’t listed as the purchaser on any public records until the closing takes place, giving them years of privacy.
Move in fast. Since tenant/buyer doesn’t have to wait for a mortgage, they can often move in right away – and get started living a new life in the home of their dreams!

So don’t wait! Get started now by filling out the form!

Is there a down payment on a rent to own home?

Not right away!

You don’t have to have a down payment until your purchase is complete (typically 3 years). However, there is usually an amount due upon move-in and execution of the option to purchase agreement.

Just like any other lease agreement in Atlanta, there may be a security deposit and a small application fee in addition to the fee upon move-in. Of course, you’ll have to pay rent each month.

We can help you to structure the perfect scenario to meet your needs. We’ll show you the rent-to-own calculators and formulas that we use when we prepare your agreement, and help you figure out what’s best for you.