We receive calls everyday from families who are interested in our rent to own properties.
They often believe that every home we offer has 100% rent credits. It is very uncommon to find rent to own homes where 100% of the rent goes toward the purchase price.
More commonly, we see 20-30% of rent offered as a credit, as a generous amount. But, there is no “industry standard” or normal percentage, so when you are discussing what percent of your rent goes toward your purchase, negotiate as much as you can!
Also, make sure you review the lease and option agreements concerning your rent credits that you verbally agree on! We have seen where some sellers make it extremely hard to actually receive the rent credit per month and some paperwork where the rent credits aren’t even mentioned.
If rent credits are offered on your rent to own home you need to make sure the amount is stated in your lease and option agreements!
