Thankfully, REIN members can pride themselves on being honest, forthright and having the integrity to not be out scamming others. Good business people find winning solutions for all, and would not be relying on the ignorance or misfortunes of others to make a buck. I think those of us in the lease-to-own niche are very up-front with our clients in advising they seek their own legal advice. At EZ Properties Ltd. we align them with a mortgage broker or debt counsellor who can provide some assurance they are able to succeed in exercising their Option to Purchase; all Option Deposits and lease payments go to the owner (100%), and the Option Agreement is registered with Land Titles, giving the tenant some needed security. We never tell or give the impression to the clients that we are the owners of the property. The Agreement is between them and the REAL owner. This story just wreaks of bad business practice, and immoral tactics that we have to separate ourselves from and re-assure our clients that this is what we are NOT about!
