23 Feb 2021
Author : Caitlin RTO Program

Looking to purchase an outdoor structure, but are worried about the price or on a budget?

Look no further! Rent to Own offers an affordable, hassle free alternative. No credit checks are required to be approved for a Rent to Own agreement and you have the option to choose which terms work best for your needs and your budget! Here are a few things that you need to know about Rent to Own:

What is Rent to Own?

Rent to Own is a rental contract that allows you to pay rent for 24, 36, 48, or 60 months, and acquire ownership of the storage building at the end of the contract. However, like any other rental contract, you acquire no equity in the building until the contract is completed successfully. If the building is voluntaily returned, or the contract is terminated in any way, there are no refunds given.

There is no interest, only a rental fee each month of the contract.

With Rent to Own you pay your monthly rental payment until the term of the contract is complete. The customer has the option to exercise an Early Purchase Option (EPO) with no penalty.

Can I payoff the building early?

If the customer is current on their monthly payments, they have the option to purchase the building rather than continue to rent. This is a one-time, lump sum purchase of the building.

What if I can no longer afford my building?

Rent to Own is a month to month agreement. If a customer can no longer afford the building, then they can request that the building is picked up and that the contract be cancelled. With this being a true rental contract, the customer will not be refunded any payments that have been made toward the purchase.

Make your outdoor structure dreams come true while remaining on budget with an easy Rent to Own program!

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