Qualifying requirements for the lease/option program: 

1. Tenant must have verifiable income that shows they can afford the monthly payment which includes taxes & Insurance
2. Tenant must have a minimum of 10% of the asking price as a deposit.  It must be verified.  THE DEPOSIT IS NON-REFUNDABLE.
3. Tenant must have a checking/savings account where the monthly payment is debited from the account they setup on www.rentredi.com tenant app.

There are two different agreements that the tenant/buyer will receive and have to sign to proceed. 

• Lease
• Option to purchase contract

Once the tenant selects the property they are interested in we get an evaluation of the current value of the home so that we have a pre-determined purchase price.  Once that is established the tenant will sign a lease and put down a deposit.  Each monthly rent payment that the tenant/buyer makes on time, they will get a 10% of the rent amount credited off the purchase price when the tenant/buyer exercises their option to buy the property.