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RENT-to-Own a.k.a LEASE/Option
- HOME
OWNERS: Info about Rent to Own. Click Here.
-
RENTERS:
Basic
step-by-step "How to" page. Click Here!
- In depth
... Details about
Lease/Option and Lease Purchase agreements,
terms and conditions.
NOTICE:
"AVAILABLE PROPERTIES CAN CHANGE SOMETIMES IN
A DAY. The
properties below are real Lease Option
properties, but once rented, sold or Lease
Optioned.., they may stay here as examples
only until we have time to replace them. The
BEST way to find a Lease Option or Rent to
Own property... is to review the rentals
that are available. Then ask the Property
Manager if they can obtain permission from
the owner to rent the property under a Lease
Option. Details available partly here
online, but full details are to be obtained
from the company Agent."
Examples and samples are below. We have others...
EXAMPLES of
Lease-Option rental properties;
North End
Tacoma
NOTICE: Sorry,
this property is no longer available.
$1,895/month rent*
or, $2,095/month Lease Option -
Rent-to-Own*
3019 N Vassault St Tacoma, WA 98407
MLS# 283506
cancelled.
PHOTO GALLERY / Click Here!
Web address: http://www.bcirent.com/283506
Marketing
Remarks
This
fine North Tacoma home is a beauty! You will love
the wonderful hardwood floors in the living room,
ceramic tile in the entry way, kitchen and dining
room, and the new trex deck off of the kitchen!
Newer electric furnace with electric air cleaner,
newer hot water tank, new fence, upgraded garage
doors, security system, a new 25 yr roof in 1998
and appliances are approx 3 yrs old. Owner pays
for full landscaping services and general
maintenance at no cost to tenant.
*See; Lease
Option Terms below.
Additional
Information
Property
Description:
Cable TV, Deck,
Fully Fenced, Outbuildings, Patio
Fireplaces:
1.0 Fireplace
Heating/Cooling:
Forced Air
North
End Tacoma
NOTICE: Sorry, this
property is no longer available.
$1,700/month rent*
or, $1,900/month Lease Option - Rent-to-Own*
3829 Commencement Bay Dr
Tacoma, WA 98407
Marketing
Remarks
Custom View home in excellent
North Tacoma area. Amenities include central vac,
security syst, hot tub, 2 lg decks, prof landscape,
and low maintenance yard. Interior incl lg master
suite w/ jetted tub, heat pump w/ air and electronic
filter. bills. Open concept for entertaining,
connects kitchen and large family room w/ fireplace.
Beautiful wood floors and custom cabinetry.
Beautiful skywall. 2004 new siding, cabinets, floor,
tile, and upgraded sprinkler system. - Rent to Own
option, see terms below. *See; Lease
Option Terms below.
Additional
Information
Property Description:
Cable TV, Deck, Fully
Fenced, Hot Tub/Spa, Patio, RV Parking, Sprinkler
System
View:
Partial
Fireplaces:
1.0 Fireplace
Heating/Cooling:
Forced Air
*Lease
Option / Rent-to-own Terms -
From One to Five Years on
Lease/Option ...a.k.a. Rent to Own!
- Pay an Option Fee of $200 (negotible) added
to the rent, for consideration of the property
owner not allowing anyone else to buy the home for
the entire time of the Lease.., and for a Locked
Down Price. This is a non-refundable fee and is
paid as rent to the Landlord.
- Receive an "Additional" credit of up to
$200/monthly, also non-refundable each month your
rent is paid on time.., all the way up until you
buy your home, to be used for down payment or
closing costs if purchased.
Total
monthly credit possible for tenant-buyer =
$400/monthly to be applied to
down payment, or closing costs as needed.
As an example; on a 3 year Lease Option, the
tenant-buyer would conceiveable have $14,400.00 to
use as down payment and/or closing costs!
Notice:
you get all this money only if you buy the
property, otherwise it is non-refundable in
consideration of the owner allowing the option and
removing the property from the market.
- MOST
APPLICANTS WILL BE APPROVED IF THEIR BASIC
SCREENING IS APPROVED, FAST AND EASY!
- When Converted to a Purchase: Sale Price
LOCKED IN at mutually agreed on price.
- Interest Rate depending on your choice of
Lender and credit approval.
- Monthly payments: dependant on Lease Option
and Purchase and Sale Terms.
- Negotible Terms. 1-5 year Leases contingent
on mutual acceptance.
- Your choice of Bank or Lender will finance
these homes generally at the end of the Lease (or
tenant/buyer may opt to buy sooner), contingent on
several factors such as; if you made your payments
on time; subject to approval and mutually agreed
on terms and conditions to be negotiated at time
of inception. FHA could be 3% to 3.5% down, VA is
ZERO down and Conventional financing can be from
3% to 20% down dependent on that lenders
requirements in the end. Offer subject to change
without notice even if advertising has not been
updated. - If you do not have a lender we can
recommend several.
 All
Terms are subject to Fair Housing Laws of the State
of Washington and Federal HUD rules and regulations
as applicable, plus of couse subject to change
without notice in case of any conflict with local,
State or Federal laws, also subject to approval of
screening and HOA if/as applicable and subject to
final approval of property owner.
Other options and terms are available by request.
Important Notice: ALL TENANT/BUYERS must be
responsible to clean up their own credit. If your credit
is still bad at the end of the Lease/Option the
owner/seller does not and often WILL NOT extend your
lease. The majority of tenant/buyers have good
intentions, but in the end do not buy the property that
they entered into an agreement on, for many varied
reasons but the most prevelant reason is that they never
did get their credit straight. Also, all buyers are
recommended to obtain the services of an Attorney to
review all terms.
OTHER
EXAMPLE'S:
Sorry, this
property is rented on a Lease/Option! (we
have others)
| Property
Information |
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Status: |
Available
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Deposit: |
$800
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Application Fee: |
$45
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Available: |
Now!
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Bedrooms: |
3 |
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Bathrooms: |
2 |
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Square Feet: |
1512
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Year Built: |
1984
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| xxxx xxxxxx,
Puyallup WA 98374 |
Rent: $895 |
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*Special
offer:
deposit can be made in two equal payments.
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Deposit:
$800 |
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Lease/Rental Option
Terms -
12 months Lease/Option or Rent to
Own!
Options and terms are available by request.
Comments -
Rent-To-Own!
Nice home has 3 bed/2 baths situated on it's own
lot with off street parking. Energy saving dual pane
windows, new roof and all new carpet throughout, plus
new vinyl in entry, kitchen and baths. Vaulted
ceiling, tasteful colors, open floor plan, bath off
master. Fenced yard. Just 10 mins to downtown Puyallup
or Orting, freeways & schools.
RENT-TO-OWN! Rent-to-Own terms now offered by Bank,
ask for details.
*Call: Don Leske II / Broker for more
details: (253) 241-6695
OTHER EXAMPLE'S:
THIS
PROPERTY is now rented and no longer
available!
| roperty
Information |
|
|
Status: |
Available
|
|
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Deposit: |
$800
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|
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Application Fee: |
$45 |
|
|
Available: |
Now!
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|
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Bedrooms: |
3 |
|
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Bathrooms: |
2 |
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Square Feet: |
1344
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| Year
Built: |
1994
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Garage: |
No |
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| xxxxxx xxxxx,
Puyallup WA 98374 |
Rent: $895 |
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Deposit:
$800 |
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Lease/Rental Option
Terms -
12 months Lease/Option or Rent to
Own!
Options and terms are available by request.
Nice MFG
home has 3 bed/2 baths situated on a large lot with
good off street parking. Vinyl dual pane windows,
brand new roof and all new carpet throughout, plus new
vinyl entry, kitchen and baths. Vaulted ceiling, chair
rail, tasteful colors, open floor plan, bath off
master. Fenced yard w/shed. Just 10 mins to downtown
Puyallup or Orting, freeways & schools.
RENT-TO-OWN!
Rent-to-Own terms now offered by Bank, ask
for details. *Call: Don Leske II / Broker for
more details: (253) 241-6695
NOTICE: ....more
homes are available. Contact us for more
Information!
*Notice & Disclaimer: I am not an Attorney. These
are examples only and may not be valid under all
States Laws and regulations. Please be aware that
there are many types of such agreements, this is just
one example. Owners and tenant/buyers are directed to
have a qualified Real Estate Attorney review any such
agreements before signing or obligating themselves.
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