Rent To Own Homes
Rent to Own with North Property Management
Welcome to North Property Management, your trusted partner in property management and real estate solutions. We are excited to introduce our Rent to Own program, designed to help you transition from renting to owning your dream home.
How It Works
Our Rent to Own program is a straightforward process that combines elements of a traditional lease agreement with an exclusive option to purchase the property at a later date.
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Property Selection
You choose a home that fits your needs and budget from our extensive portfolio of properties.
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Lease Agreement
You enter into a lease agreement, typically for a period of 1-3 years, with monthly payments similar to market rent values.
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Option to Purchase
A portion of each monthly payment is set aside as an “option credit”, contributing towards the down payment of the house.
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Purchase
At the end of the lease term, you have the exclusive right to purchase the property using the accumulated option credits.
Qualification Steps
Here are the steps you need to take to qualify for our Rent to Own program:
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Application
Fill out our application form providing details about your housing needs, financial situation, and credit history.
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Financial Review
Our team will review your application and determine your eligibility based on your income stability, credit score, and ability to afford monthly payments.
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Property Selection
Once approved, you can select a property from our portfolio that fits within your approved budget.
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Lease & Option Agreement
After selecting a property, you will sign a Lease & Option Agreement and pay an option fee which will be credited towards the purchase price of the home.
Start Your Journey to Homeownership
We at North Property Management are committed to making homeownership accessible and affordable. Our Rent to Own program is just one way we’re working towards that goal. Contact us today to start your journey towards owning your dream home!