Our Rent to Own Process


Step 1

Complete the "Rent to Own Questionnaire" on the Apply Now page thoroughly and then submit. We will review and get back to you with any additional questions.

Step 2

Once we review your application, we will get back to you within 24 hours to determine if you are able to qualify into the Rent to Own program.

We may also ask you to obtain your own credit report from Equifax or Trans Union, so there is no "Hard Hit" on your credit score if our Mortgage team does the check.

Step 3

Prepare for an Initial consultation where:

  • We take the time to understand your needs & goals to Tailor a solution for you.
  • We complete the financing application process with you (Gathering all required documents etc...)
  • A non-refundable commitment fee of $1000 will be collected at this time to start your journey to home ownership.
    • This commitment fee will be applied as credit towards your down payment at the end of the rent to own program when you Qualify for your own Mortgage and choose to exercise your option to purchase.

Assess & Create  "Mutually agreeable" Rent to Own terms based on the information provided in the questionnaire and financing application.

  • Lock in the future purchase price of your new home Now.
  • Discuss the amounts for: rent, initial and monthly option consideration payments.

Step 4

Start Shopping for your new home with our Real Estate specialists.

  • Access to every available listing on MLS etc.
  • Access to a private pool of listings.
  • Pay a minimum of 50% of your initial option deposit prior to us making an offer and purchasing the home of your choice.

Step 5

Investor Purchase of your new home.

  • Waiting period for inspection, appraisal & financing.
  • Finalize the amounts for rent, monthly rent credit, and option deposit.
  • Prior to removal of conditions, pay the remaining 50% balance of the initial option deposit.
  • Sign your new lease agreement as a Tenant for the duration of the rental period.
  • Sign your Purchase Option contract to lock in the future purchase price.

Step 6

Step 7

Solidify possession date & Get Ready to Move!

Welcome Home!

  • Thorough walk-through inspection of your property together.
  • Key handover.
  • Through out the duration of the rent to own program, we will schedule property and credit check ups to ensure you are on track to successfully purchase your home at the end of the Rent to Own term.

Step 8