An option consideration is a percentage of the purchase price of the home, usually between 10%. It is a non-refundable payment but, is 100% credited toward the purchase price of the home. This option consideration is used to bind the Rent to Own option contract. You will have to come up with the option consideration […]
The investor makes a little to no money on the monthly rent, but what they make their money on is when the tenant exercises the option to purchase the home.
The Real Estate Council of Ontario asking both homebuyers and investors to do their homework before leaping into a rent-to-own deal
What is a Rent Credit?
What is an Option Consideration?
What happens if I don’t pay rent on time?
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