rent to own process

“There are many benefits to a rent to own agreement when it’s done with a reputable company like Danino Capital Properties. We’re with you all along the way during the process. Read below to see how the process works!”

– Danino Capital Properties

How Does A Lease With Purchase Home Agreement Work?

The rent to own process is actually pretty simple.

  1. Join our property list and tell us what type of home you’re looking for, your budget, etc (START with the form to the right)
  2. We’ll send you local Arizona, Colorado, Texas, Minnesota, Nevada, Florida and Nationwide rent to own / lease option homes that fit your criteria.
  3. If interested in a particular home, we can schedule a time for viewing.
  4. If you like the home and want to apply, we’ll send you our  “Your Next Step” application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
  5. After we’ve received your application, we’ll call you to review your application and schedule an in-person meeting to go over your plan for purchase and down payment.
  6. Once you are approved, we’ll collect a binder deposit. Typically around $2000(up to $4000 for larger homes) and schedule a closing with our attorney.
  7. Once you have signed the agreement with our attorney and provided your down payment you are ready to Move in.

How Long Are Rent To Own / Lease Option Terms?

Your lease/option agreement (also known as the rent to own contract) will spell out the length of time that you have to complete the purchase of the property – typically 3 years, but in certain circumstances we may extend your option if you need more time to get your credit or downpayment up to the point where you can qualify for a bank loan.

The purchase of your home usually takes place through a traditional mortgage loan, but there are other ways to complete the purchase, depending on your finances.

That’s the process!

Once you’ve completed your mortgage, you’re done – now you own your home!

First step – sign up to find great properties around Arizona, Colorado, Texas, Minnesota, Nevada, Florida and Nationwide just by filling out the form on the upper right of this page.