We understand that most of us want to achieve the American dream of home ownership. Sometimes our credit, lack of funds, or personal life can make this difficult to achieve.
Our value to you:
New Leaf Housing has created a win-win situation for residents who want to eventually own the home they are leasing: we offer both fair monthly rent and the option to buy the very home you are living in. We find that many residents love this arrangement, because they know that part of each rent check goes towards the future purchase of the home they are living in. We call this arrangement the lease-purchase agreement.
Why you benefit from a lease-purchase agreement with New Leaf Housing:
 Our monthly rent is very reasonable. We strongly believe in being fair with our residents.
New Leaf Housing gives you monthly rent credit that is applied to the down payment.
We lock in the future purchase price of the home when you begin the lease contract. You don’t have to worry about how much the home appreciates while you lease.
We give you a full three years to take advantage of the purchase option. This means that you are able to buy a home at the lower prices of one, two, or three years before. Think of the money you save and the ease of mind you can have while leasing the home.
Lifestyle improvements: You can make improvements on the home so that it suits your needs, before you even purchase. Families with children are able to build friendships in their new neighborhood without worrying about moving away. We want you to be able to treat the residence as your very own home.*
Common questions:
“I am not familiar with lease/purchase agreements. What exactly is this?”
Lease/purchase is a type of rent contract that allows you to pay monthly rent to live in a property while enjoying many benefits of home ownership. The agreement allows you 3+ years to consider purchasing the house. Each month, a portion of your rent is applied to the purchase price of the home, giving you instant equity if you decide to buy the home. The lease gives you time to become comfortable and enjoy the home and neighborhood. Lease/purchase agreements are excellent solutions for people who lack the funds needed to purchase the home immediately, or need time to improve or repair their credit.
“These terms sound too good…what’s the catch?”
At New Leaf Housing we believe in being straight forward with our residents. The benefits we have mentioned come with no strings attached. We simply offer enhanced options, which are a win-win situation for both you as an individual and us as the owner.
“What if I am not interested in potentially purchasing a home...can I just rent from you?
Absolutely. The lease/purchase option is simply that: an option. Our contract allows residents to lease the property for five, ten, even fifteen years without ever having to purchase the property.
“What if I do a lease-purchase agreement and I decide not to buy the home?”
There is no penalty for not purchasing the home. You can continue to lease/rent the property without purchasing without any penalty fees.
“What if I have to move? Am I locked into a contract for three years?”
We understand that life can throw you curve balls. If you need to exit your contract, New Leaf Housing can help you with this process while keeping fees to a minimum. We will work with you on a case-by-case basis to address your individual needs.
“I would like to purchase the property instead of leasing. Can I do this?”
Yes. We are open to purchase bids on the properties we list.
*Maintenance and improvements are subject to approval by the owner. Our management firm is both fair and reasonable in making these decisions.
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