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Rent to Own

Posted by denmor on May 29, 2020
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Option to Purchase House and Lot

rent to own

STRAIGHT PURCHASE OPTION:

Reservation Fee is P20K. Required Equity shall be 30%. It can be paid maximum of one year. Proceeding, the 70% balance shall be paid via Pag-Ibig Financing or Bank Financing. Move-in shall be allowed only after the release of the Letter of Guaranty (L.O.G.) from the financing entity or payment in cash of the 70% balance. 

 

RENT WITH OPTION TO PURCHASE:

Monthly Rental is P27,500.  2 Months Deposit and 1 Month Advance (P82,500) shall be paid prior to move-in. Rental Period is 3 years and it is to cover the equivalent of 30% of the P3.3M selling price. The rents will be considered as equity only if they pay the 70% balance via cash or through a Letter of Guaranty (L.O.G.) from Pag-Ibig or a bank. Otherwise, the past rental payments are treated as regular rent.

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