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Description
Want to buy, but need time to get ready?
This Northeast Heights condo is available as a Lease with the Option to Purchase, giving an approved resident the opportunity to lease the property now while securing a written option to purchase in the future.
This is more than a standard rental. The monthly payment includes agreed option consideration that may be applied toward a future purchase according to the written lease-option agreement.
Monthly Payment Breakdown:
Base rent: $1,300
HOA: $280
Option consideration: $200
Pest / credit builder: $31
Renter’s insurance: $10.50
Total monthly payment: $1,821.50
The HOA amount covers water, laundry rooms, garages, common areas, exterior building maintenance, and parking lot areas, subject to HOA rules and governing documents.
Lease-Option Structure:
Upfront option consideration: $5,000
Option term available up to 5 years
$100 rent increase beginning in year 3
Written lease-option agreement required
Application and approval required
Property rules, HOA rules, and lease terms apply
Due at Move-In:
Upfront option consideration: $5,000
First month’s rent: $1,821.50
Any applicable pet fees: $350 one-time pet fee, $35 monthly for the first pet, and $15 monthly for the second pet, with a maximum of 2 pets
This may be a strong fit for someone who wants to live in the home now while preparing for a possible future purchase.
Important: This is not a guarantee of financing, loan approval, or future purchase. Option consideration, purchase terms, timelines, and conditions must be documented in writing. Equal Housing Opportunity.
Broker Owner.
Want to buy, but need time to get ready?
This Northeast Heights condo is available as a Lease with the Option to Purchase, giving an approved resident the opportunity to lease the property now while securing a written option to purchase in the future.
This is more than a standard rental. The monthly payment includes agreed option consideration that may be applied toward a future purchase according to the written lease-option agreement.
Monthly Payment Breakdown:
Base rent: $1,300
HOA: $280
Option consideration: $200
Pest / credit builder: $31
Renter’s insurance: $10.50
Total monthly payment: $1,821.50
The HOA amount covers water, laundry rooms, garages, common areas, exterior building maintenance, and parking lot areas, subject to HOA rules and governing documents.
Lease-Option Structure:
Upfront option consideration: $5,000
Option term available up to 5 years
$100 rent increase beginning in year 3
Written lease-option agreement required
Application and approval required
Property rules, HOA rules, and lease terms apply
Due at Move-In:
Upfront option consideration: $5,000
First month’s rent: $1,821.50
Any applicable pet fees: $350 one-time pet fee, $35 monthly for the first pet, and $15 monthly for the second pet, with a maximum of 2 pets
This may be a strong fit for someone who wants to live in the home now while preparing for a possible future purchase.
Important: This is not a guarantee of financing, loan approval, or future purchase. Option consideration, purchase terms, timelines, and conditions must be documented in writing. Equal Housing Opportunity.
Broker Owner.
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