Tenant / Buyer Information:
Husband and Wife currently live together with their son and will be proud parents once again in the next couple of months. Wife was once a home owner and understands what it takes to maintain and look after a home they love. They’re both tired of renting but need assistance to move their growing family in the right direction. They’ve recently found a home that accommodates their needs in a beautiful neighbourhood in Bowmanville and would like to move forward with our Rent to Own program.
Husband works in construction
Wife works as an event planner
Household Income $98,000
They have a down payment of $9000 plus first and last month’s rent.
Rent will be $1950 with $200 in credits each month.
They have agreed to the following buy out prices:
Year 3 Buyout Price = $345,659