Frequently Asked Questions
An initial payment equal to 2 months rent is required for delivery and setup of the building.
Since this is a true rent-to-own and not an installment sale, there is no principal to apply extra money to. However, if your account is up-to-date and you wish to pay extra in any given month, we will hold it in a deposit account to be applied to the discounted early purchase of your building at any time.
Your first rental payment will be due within 30 days after delivery of the building. Thereafter you will receive a monthly invoice approximately 2-1/2 weeks before each payment is due.
You won’t receive a payment book from us. Instead, you’ll receive a monthly invoice so that updated payoff information can always be included.
Always make your monthly payment on time and watch the “Discounted Early Payoff” amount on each invoice. When you’re able to pay that amount in a single payment, call us and we’ll process it and issue your building transfer of ownership.
Contact the Rental Company before making any changes to the building. Unauthorized changes may void the warranty.
No. The payoff must be paid in a single payment. Remember, if you pay at least $50 extra in a month, that amount will automatically be held in your deposit account and can then be applied toward the final purchase of the building. Please call our office with your payment if you wish to take advantage of this feature.
There is no interest rate in a rent-to-own situation. You are simply renting on a month-to-month basis. On a 36-month rental contract, for example, 60% of your net payment is applied toward the purchase of the building.
No. Call our office for other alternatives.
If your account is delinquent, any back rent due will automatically be added to your payoff.