Dont delay. This amazing unit is available to the first qualified tenant who wants to buy this property in 1 – 3 years time.
Rent it, love it then buy it and get off the rental merry – go – round!
The rent is $490 per week, which is also set for up to three years. There is a rent credit that also goes towards your deposit.
This rent credit is $100 per week for the first year, $50 per week for the second year and $25 per week for the third year.
You do have the option to complete the purchase any time within the three year period.
The up front payment and rent credits go towards your deposit, however they are non-refundable if you choose not to go ahead with the purchase.
This rent to own, is also known as a lease option which is a form of vendor finance, because the buyer leases the house with the intention of purchasing.
Please have a look at Tony Cordatos website, we use his law firm in Brisbane to provide the legal documentation for rent to own properties. http://vendorfinancelawyer.com.au/rent_to_own.htm