Sorry, I don`t have an answer for your particular question, but just a comment.
I have worked on a number of instances when the tenant buyer is looking to purchase the property at the end of the term. The success the client will have in many cases depended on the ability, skill and professionalism of the original lease to own company. Here are a few things I`ve come across that have lead to issues with the financing for the tenant buyer:
1. Original documentation not satisfactory. The option deposit and monthly credits were not clearly established and therefore the lender would not accept as downpayment
2. The monthly credit was not realistic based on the economic rent
3. The tenant buyers had no assistance along the way to help them prepare for the financing at the end of the term.
The LTO company not only has to make sure the documentation supporting the LTO will meet the standard required from CMHC and the lenders, they also need to arrange a financial plan and counseling for the buyer, in order to change their circumstances over the lease period. This is when their will be a significantly higher rate of success.
Unfortunately, in many instances the same problem that kept the tenat buyer from qualifying for financing originally, is the same problem they have at the end of the term.