Rent to Own Programs for Buyers in Ottawa

What Is Rent-To-Own?

A rent-to-own agreement that means you are renting a house for an agreed-upon period of time with the option (or in some cases obligation) of buying it before the rental term is finished. While this may sound simple, a rent-to-own agreement is very nuanced. It is important that you have a clear understanding of the terms and the potential risks associated with it before committing.

Why Would Someone Rent-To-Own?

A rent-to-own agreement can be an option well suited to someone who is ready to buy a home but who doesn’t have the ability to finance the purchase. Almost anyone buying a home will need to take on a mortgage. To qualify for a mortgage, you have to have a good credit score and a substantial downpayment saved. That isn’t always easy or even possible. In this case, a rent-to-own agreement might give you the time you need to save a downpayment, improve your credit, and gain access to financing options. In many cases, you can also build up some equity in the home while you work towards buying it.

There are great rent to own companies that exist which could help you or your family become homeowners. Let's work together to find you a home or condo that suits best your family's needs.

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