Owner Benefits

Owners desiring to sell Central Florida real estate can now participate in our lease-purchase program and may experience many additional benefits that they would not normally have. Some of these are as follows:

• A lease-purchase agreement opens up a larger segment of the real estate market to Central Florida home owners wanting to sell their property, thusly enhancing opportunities for quickly finding a buyer. This is an especially helpful tool during slow markets and when there are shortages of qualified buyers.
• With a lease-purchase agreement, rental home payments may be applied to a mortgage while typical landlord expenses like paint, lawn care, maintenance, carpet, utilities, etc. may be reduces or eliminated.
• When a resident purchases a Central Florida rental home while participating in our lease purchase program, they pay rent up to the day of closing.
• A resident participating in our lease purchase program is more likely to be concerned with properly maintaining the property due to the anticipation of future home ownership.
• In a traditional lease, a security deposit of one or two times the monthly rent is required. In a lease-purchase agreement, a resident typically is required to deposit two to four times that amount as non-refundable earnest money. Ernest money is held in escrow until the date of closing when it is then applied toward the purchase price.

Resident Benefits

Residents wanting to buy Central Florida real estate may still be able to experience the pride of owning a rental home by participating in our lease-purchase program even thought they have experienced a divorce, credit problems, changes in employment, loss of employment, etc.

• Traditionally, lease-purchase agreements have longer terms than standard lease agreements, allowing a resident more time to meet lender’s minimum requirements.
• With the option of entering into a lease-purchase agreement lasting one to three years, a resident is afforded necessary time to clean up credit issues, save for a larger down payment, achieve tenure with a new employer, or prepare in other ways to own his or her new home.

ARCHER CROWN Residential Managements’ Role
in Lease-Purchase Arrangements

As previously stated, a lease-purchase agreement is a lease that binds the parties to a purchase and sale contract. Although a resident participating in a lease-purchase is moving toward home ownership, our company will be there, just as we would be during the period of a traditional lease, to provide property management oversight throughout the entire process from the date the lease commences to the date the purchase and sale of the property closes.

Costs Associated With Lease Purchase

In most situations, we manage Lease Purchases the same way as with traditional leases. Leasing and administration fees are handled in the same manner as monthly property management fees. Brokerage fees and commissions are handled in the same manner as other real estate transactions.

In Conclusion

Owners of rental homes in Orlando, Florida as well as most of Central Florida can choice to have their single family home, condo or townhome participate in our Lease-Purchase Program with the desired results of finding a buyer when traditional listing services have proven unsuccessful.

Residents desiring to find a Central Florida homes for rent or more precisely to rent Orlando homes with the possibility of ownership may now have a way to fulfill their dreams through our Lease-Purchase Program.

ARCHER CROWN Residential Management is proud to offer our Lease-Purchase Program as part of our standard list of property management services.

Peace of Mind Realized