Episode Details

We explore the concept of rent-to-own real estate in Canada, comparing it to car leasing and explaining how it bridges the gap between renting and owning property. 

• Rent-to-own offers two main agreement types: a lease option agreement where tenants have the choice to buy, and a lease purchase agreement where they're obligated to buy at the end of the term⁠
• The typical structure includes an upfront option fee (1-5% of home price), monthly rent payments with a portion going toward the future purchase, and a predetermined purchase price⁠
• This strategy is particularly beneficial for people who can't qualify for traditional mortgages due to insufficient down payment, low credit scores, or non-traditional income sources⁠

Sign Up For The Next Webinar Realist 

Join the best community in Canadian Real Estate realist.ca

Attend a Meetups  Meetups

Nick 

Instagram.com/mybuddynick

tiktok.com/@mybuddynick

twitter.com/mybuddynick89

Dan

twitter.com/daniel_foch 

instagram.com/danielfoch

tiktok.com/@danielfoch

See omnystudio.com/listener for privacy information.