rent to own process

“There are many benefits to a rent to own agreement when it’s done with a reputable company like Buckhead Atlanta Real Estate Group,LLC. We’re with you all along the way during the process. Read below to see how the process works!”

– Buckhead Atlanta Real Estate Group,LLC

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How Does A Lease With Purchase Home Agreement Work?

The rent to own process is actually pretty simple.

  1. Click the link and give us some basic information on your home.  (START with the form)
  2. We are looking for local Atlanta rent to own / lease option homes that fit our criteria.
  3. If the tenant/buyer likes your home and want to apply, we’ll give them an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if they can afford the property, we can probably help them to own it.
  4. After tenant/buyer is approved to rent the property, we’ll agree on a monthly rent amount and the future purchase terms.  Then just sign the documents and move on in!
  5. Tenant/buyer moves in and pay your rent payments on-time… then at the end of the rental agreement, tenant/buyer can decide if she/he wants to purchase the home or not.

THERE IS NO OBLIGATION for the tenant/buyer to purchase the home after the rental agreement expires.

How Long Are Rent To Own / Lease Option Terms?

The lease/option agreement (also known as the rent to own contract) will spell out the length of time that the tenant/buyer has to complete the purchase of the property – typically 3 years, but in certain circumstances we may extend their option if they need more time to get their credit or downpayment up to the point where they can qualify for a bank loan.

The purchase of your home usually takes place through a traditional mortgage loan, but there are other ways to complete the purchase, depending on the tenant/buyer finances.

That’s the process!