Rentals and Leasing
Locating a Rental
Current Rental Listings
Rental Qualifications Form (pdf)
Landlord Reference Letter (pdf)
Credit Authorization Form (pdf)
The Lease Option
Property is leased to a tenant for a set amount for a certain period of time. The sales price is fixed at of the time of the lease. A certain percentage of the rent is credited toward the down payment and/or closing costs. A down payment may be required at the time of the lease. Advantages: You get to live in the home while you are saving up for down payment. Disadvantages: If you do not exercise the option to purchase, you forfeit the down payment. Monthly rent may be higher than a standard rental. |
