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If the tenant chooses to move out, then I choose another exit strategy for the property... rent, rent-to-own or sell. If the tenant still wants to buy, but needs more time... my RTO agreements allow the tenant to extend the option indefinitely and the buy-out price increases every month.

Just wondering among you folks who have done RTO deals, what have you done in cases where the tenants did not exercise the purchase option? And based on your experience, what would you now do with any future cases that result in no purchases at the end (or if the tenant leaves before the lease period...

Just wondering, if a RTO deal involves a condo (or condo townhouse), who usually pays the monthly condo maintenance fees - the buyer/tenant or the investor?

Greetings. Our lease option clients are ready to purchase. They have qualified with the bank and CMHC. They have 5% down within our program as an option deposit. The problem is that our option agreement specifies that the option deposit is non-refundable, and CMHC is refusing this since they are there...

When you structure a RTO, what type of mortgage is best suited? Do you base it on the term of the actual rent period? Do you use an open mortgage in case the tenant/buyer leaves before the rent period is over (or requires an extension)?

Hi Marlene! I am an RTO landlord whose tenants are breaking a 3-year lease agreement, and walking away. I woul be interested in filling the property with new RTO tennants. The house is in Barrie, in Leticia Heights area. it is a modest semi-detached, which I estimate to be worth about $175,000 to $180...

I am the owner of a Rent-To-Own property where my Tenants have the option to purchase the property at the 3-year mark of the contract. My tenants have decided to quit the contract after having lived in the property for 2 years. They have been paying regularly their agreed-to monthly rental payments,...

I have a few people who have been pre-qualified . We are looking for investors for them. The first couple is looking to locate in the Collingwood area, Ontario, into a single detached home not right on the ski hill. We have already located a potential home for them - purchase price $280,000, rent $1...

I'd like to know how others do this too, and which lenders are easier to work with than others on RTO repurchases. David

Hi REIN members, I am working on an RTO deal and would like to set it up such so that there is no problem later with proving down payment/credits when RTO tenants go to secure their own financing to buy the property. What are some of the more common and effective methods investors use to prove to lenders...

I am in the same situation and not quite sure which form to use. I have looked at the "Residential Lease with Option to Purchase" form in the Critical Forms section - Is this the one to use in Alberta? I am in Edmonton. It seems to be all one document. Any advice on the best form to use would...

Good morning, Based on my review of a large number of RTO agreements I would suggest that the majority are constructed such that the entire payment is income. In contrast, some people believe that the deposit portion of a payment is treated similarly to a normal last-month's rent deposit or damage...

Hi Chris, Declining markets can be the bane of RTO. There was a major RTO company in Alberta that had billboards everywhere not too long ago and they even had franchisees doing RTO under the umbrella. A few short years later in a declining market most to all those franchisees are gone and that company...