Lease with option to purchase -- Purchase price is agreed to and locked in for a period of one year. A 2% option fee is paid by the buyer, but no security deposit is collected. At the close of one year, if the buyer exercises their option to purchase, 30% of the collected rent and option fee will be credited to the buyer's purchase of the unit. If the buy chooses not to purchase, their option is forfeited.
Current rental rates apply.
Upgrades will be provided only if lessee pays in full for the upgrade.
|