Q: What is a Lease Purchase?
A: Lease purchase goes by many names such as 'rent to own' and 'lease with an option to purchase'. The definition is: A Lease Purchase is a Rental (or Lease) and a Purchase Agreement combined (and sometimes split) with the ability or right to purchase or control specific terms of an agreement while the realestate home is being rented. Lease Purchases are also known as 'rent to owns' or 'lease option agreements'.

Q: Why do lease purchases work?
A: Because the typical realestate home sales process creates an adversarial relationship whereby the buyer wants to pay as little as possible while the seller is attempting to get as much as they can. Then you throw in the complications associated with a realtor, bank, escrow agents, etc. With the lease purchase, you can avoid all these headaches. The seller usually receives market price for their realestate home, avoids realtor commissions of 6-7%, and receives enough rent to cover the mortgage expenses on the realestate home. The buyer also wins because they can lock in the price of the property, have a generous portion of their monthly rent credited toward the purchase price, and begin building equity while paying the rent. The Lease Purchase is a win for both parties involved.

Q: What are the advantages for the buyer of a lease purchase?
A: Low Down Payment (typically 2.5% - 7%), Rent money is working for you, 100% of Option consideration is credited, Price is normally locked in, appreciation, time to check out the real estate home and neighborhood, control of the property for a definate period of time. Our program has a very low entry fee unlike other lease option contracts.

Q: What are the advantages for the Seller/Landlord?
A: Top Sales Price, large market of available buyers, higher quality tenant-buyer, market rent, non-refundable option consideration, maintenance done by tenant-buyer, Seller remains on Deed, Seller retains tax shelter, no long vacancies. Tenant that will pay on time every month otherwise they lose the privileges of buying the property.

Q: What is Option Consideration?
A: The Option Consideration is defined as follows: Option money is the non-refundable funds paid up front from the tenant/buyer in order to make the deal binding. In order for any contract to be binding and irrevocable, there must be a commitment by both parties in either payment and/or performance. Option Consideration is a meaningful amount, typically 3 to 5 months rent or 2 ½ % to 5% of the purchase price and is usually 100% credited toward reducing the purchase price. Some lending institutions may allow the option consideration to be considered as down payment for the loan (this varies by lender).

With our program, the buyer doesn't need to place a large option see up front. Using our system, the option is considered the deposit (normally the same as the first month's rent). This makes a less impact on the buyer, but the buyer/tenant MUST pay the rent each and every month on time or they will lose the right to have 100% rent creidt toward purchase price and may lose privilege to purchase the home from the owner.

Q: What is Rent Credit?
A: Rent Credit is the amount of paid rent that is credited toward the purchase price of the real estate home. Rent credit only applies if the rent is received by the landlord/seller on or before the due date (typically the 1st of the month). Late payments (even 1 day late) received will not have a rent credit for that month and disqualifies the purchase right unless the owner is willing to honor the original contract.

Q: How can Colorado-Rent2Own.Com help me find a rent to own home?
A: Colorado-Rent2Own.Com can assist you with your real estate needs in many ways. We can guide you through a step by step process to find a property, qualify prospective landlords and/or sellers, negotiate terms, construct the necessary agreements, and coach you through the entire process. Please contact us for a no obligation evaluation to determine if our program consulting services are right for you.

Q: How can Colorado-Rent2Own.Com help me sell my property for the highest price?
A: Maybe your house has been on the market for a while but you haven't had any offers. Maybe the offers weren't good enough. Maybe your realtor isn't marketing your real estate home with any success. Whatever the reason your home isn't selling, the vacancy is costing you thousands of dollars in mortgage payments, taxes, much needed repairs and possibly vandalism. Colorado-Rent2Own.Com has a solution that will work for you. Consider the lease purchase alternative or take over payment option to deliver results to your real estate problem. Contact us for details.

 Colorado-Rent2Own.Com work with several tenant buyers who are looking for a rent to own home and are willing to pay market price for good in nice neighborhoods. Our tenant buyer prospects are carefully screened and will pay their rent scrupulously on time, perform routine minor repairs and maintenance to the home, and provide you with a high quality tenant relationship. Additionally, sellers/owners retain the tax benefits and remain on the deed. Sellers/property owners will receive their deposit funds consideration, a good clean tenant, and a rent that should cover your monthly expenses. Many times, we're working with 20+ tenant buyer prospects looking to find their next rent to own home.

Q: I asked you to delete my ad, but it continues to show up on the search engines. Why?
A: Search engines crawl (visit and copy) all websites. They build and maintain their own information (databases). This is usually called "cached pages". When someone searches for something they are interrogating the search engine database, not the actual website. We always perform requested ad maintenance (including deletes) on a timely basis. Furthermore, we periodically delete old ads to keep the information current. However, we have no control over when, or if, a page will get deleted from a search engine's cache. It may take quite a bit of time. If you are concerned about showing certain types of information on the Internet, DON'T DO IT! We do not publish certain information unless you authorize us to do so.

Q: How can I tell if my ad has been deleted from your website, but not the search engine?
A: When you are viewing the page from the search engine that contains the information of concern, there is a link a the top of the paragraph. If you get an error message that says something like "error code 404 - page not found", that means the ad does not exist on our website. Toward the end of the paragraph, you will see a link that says "cached". When you click on that, you will get a page that shows what the search engine has in its database. the other way to tell if the proeprty has been removed from our site is to go to http://www.colorado-rent2own.com/availableproperties.htm

Q: How do I get the search engine to delete the information from its website? Can you help?
A: You have to contact the search engine yourself. We do not offer this type of service.

If you have additional questions, please call or send us an email.

We want you to get your questions answered