Rent-to-Own
RAH Rentals offers rent-to-own opportunities designed to help qualified renters work toward purchasing a home—while living in it. We explain requirements upfront and guide you through each step.
How it works:
Rent now. Purchase when ready.
A rent-to-own agreement combines a lease with an option to purchase. When you rent a home, we agree on a monthly dollar amount that will add up each time you pay your rent. Over time, the Rent-to-Own credit will accumulate and can be used to buy the home that you are renting.
Rent-to-Own FAQs
Common questions about qualifications, timelines, and next steps.
Is there a time limit?
There is no time limit to purchase the home. You are welcome to rent your home for as long as you like until you are able to purchase it.
How is the purchase price determined?
The purchase price is agreed upon by the buyer and seller, and will be the market value of the property at the time of purchase. Once the purchase price is agreed upon, the home is appraised to confirm the value.
How much Rent-to-Own credit can I accumulate?
Typically, the Rent-to-Own credit is limited to a maximum of 24 months. E.g. $150 monthly credit, max 24 months, total credit toward purchase = $3600. If you don’t buy the home, you lose the credit.
Does Rent-to-Own have additional costs?
The Rent-to-Own option costs you nothing ($0.00). We can add the Rent-to-Own option to your lease on any home that is available as Rent-to-Own. This does not increase the monthly rent payment.
Ready to explore a pathway to ownership?
Contact RAH Rentals to discuss rent-to-own availability and the next best step for your situation.