Rent it Own in Qc city

Valerie & Vincent

New Forum Member
Registered
Good day everyone,

I am currently trying to sell a condo in Qc city, which is not easy these days, but I have given some thought about doing rent to own and I’m actually been seeing some interest.

I was wondering if anyone could give me a bit of feedback on what is the ‘’standard’’ for numbers in the contract. (Credit % toward downpayment, initial deposit, etc.)

Thanks in advance!

Vincent


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Thomas Beyer

Senior Forum Member
REIN Member
Try at least 5% upfront and a 20% option premium over market rent .. plus a realistic target exit price the renter/owner can hit and get qualified on 2-3 years hence.


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Valerie & Vincent

New Forum Member
Registered
Try at least 5% upfront and a 20% option premium over market rent .. plus a realistic target exit price the renter/owner can hit and get qualified on 2-3 years hence.


Sent from my iPhone using myREINspace

Thanks, Thomas! This sounds reasonable. I’ll let you know how it works.

Vincent


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