Tenant / Buyer Information:
Client a previous home owner is looking to get back into home ownership and has found a beautiful fully detached home in the Courtice area with lots of upgrades & Improvements. Huge renovated kitchen, Master Bedroom has en suite bathroom with a walk-in closet and newer vinyl windows. Backyard comes with a beautiful wrap around deck with elegant landscaping in the front with a porch.
Client is currently a Supervisor for a promotional company where she has been employed for the last 10 years. She has an annual income of $64,200. They will be putting down $6,000 on the house and will be paying $1,700/month with $200 in credits towards the down payment. She will be signing a 3yr lease.
They have agreed to the following buy out prices:
Buyout Price After Year 2 = $275,699
Buyout Price After Year 3 = $286,728