Hello and thank for your request for Real Estate Information.
I now have a lease to own program available to my clients, if you have some interest please call, text or email me for more information. 214-802-6708 cell
Agreements â€“ Lease to Own Program
The initial Lease term is for one year, and the Lease automatically renews every year as long as the resident is in compliance with the Lease and other agreements. Before the end of a Lease term, the resident has the right to give notice that he/she does not want to renew the Lease for another term. If for any reason the resident decides to leave the home at the end of a Lease term and is in compliance with the Lease, the full security deposit will be returned.
The resident's financial commitment is limited to the initial one year Lease. The resident does not have to renew the Lease after the initial year. The maximum number of Lease term years is five in the state of Illinois/Colorado and three in the state of Texas.
Over the life of the Lease, Lease to Own Home program expects residents to treat the home as their own- maintain the lawn and garden, remove snow or other debris, and complete minor repairs. Lease to Own Home program is responsible for any major maintenance items.
Purchase Right Agreement
The resident's Purchase Right Agreement (and therefore Purchase Right) is in effect as long as the Lease is in effect, and the resident is in compliance with these agreements.
The Purchase Right Agreement gives the resident the right to purchase the home from Lease to Own Home program at a pre-defined price for each year of the Lease, as long as the resident is in compliance with these agreements. The maximum number of years a resident can rent the home and have the Purchase Right is five years in the state of Illinois/Colorado and three years in the state of Texas. The Purchase Right does not obligate the resident to buy the home.
Ron Pritchett, GRI,ABR,SFR,RFC
VA and Texas Veterans Specialist
Residential Finance Consultant
Century 21 Judge Fite Company
6959 Lebanon Rd, Suite 201
Frisco, TX 75034
Recognized in D Magazine as a 2013 â€œTop Residential Real Estate Producer in Dallasâ€
â€œAttitude is a little thing that makes a big differenceâ€
â€œE-mails are for information and negotiations purposes only. No agreement to buy or sell real estate will be binding unless and until a Contract is signed by all parties.â€
Texas Law requires all real estate licensees to give the following information about brokerage services: