Find the payment solution that fits you best

Rental Information

Download the
Rental Applicaiton

In order to start the rental qualification process for any of our houses a rental application must be completed and mailed, with a $50 application fee (cashiers check or money order) to:
Eric Lawrence
120Windsor Cove
Atlanta, GA 30328

Lease / Purchase

Are you rebuilding your credit but would like to purchase a home now? Would you like to buy a home or an investment property but you don't have enough cash for a down payment? If you answered "yes" to either question, a lease with option to purchase can solve your problem. But it's important to understand the pros and cons of lease-options to maximize your benefits. What is a Lease-Option?

A lease-option is a combination real estate rental, sales and finance technique. It is a property lease for a fixed time period, such as 12 or 24 months, with an option for the tenant to buy the property at an agreed option price during the lease term. Buyers like lease-options because little up-front cash is required. Sellers also like lease-options because they provide necessary cash flow to pay the mortgage and property taxes from a tenant who has a vested interest in treating the property well and who is likely to buy it. What is a Lease-Purchase?

A lease-purchase is different from a lease-option because it obligates the tenant to purchase the property at the end of the lease. With a lease-option the tenant has the right, but not the obligation, to purchase the property. With both, however, the tenant usually pays an above-market rent and receives a monthly rent credit toward the down payment. Of course, both a lease-option and a lease-purchase obligate the seller to sell the property on the agreed terms.

Advantages For Buyers

• Small Amount of Up-Front Cash Required
  

  The amount of up-front cash required to acquire a home or other property on a lease-option is usually small, often just a few thousand dollars for the first month's rent plus non-refundable option consideration. This option money is in lieu of a security deposit.

• Monthly Rent Credit Builds a Down Payment
  

  The unique characteristic of a lease-option is the rent credit toward the buyer's down payment. Typically, the rent credit is 10 to 100 percent of the monthly rent, depending on how motivated the seller is to sell. The higher the rent credit percentage, the greater the probability the tenant will buy.

• Try Out the Property Before Buying
  

  Another special lease-option benefit for the tenant is the ability to try out the property before buying. If it is undesirable, the tenant hasn't tied up a large amount of cash in a home that might be difficult to resell.

• Control Property With Very Little Cash
  

  The ability to control a property and profit from its market value appreciation with very little cash is called leverage. Lease-option buyers have this unique advantage.

If you are interested in a lease option or lease purchase agreement for a home listed on this website, please contact us.

Buyer Information

We will need a credit report from each of the three credit bureaus by mail. We WILL NOT take online reports.

Equifax   888 685-1111
Experian   888 397-3742
Trans Union   800 916-8800