Lease-to-Own Program

Epcon Realty, Inc. is very proud to offer, for a limited time, a very special Lease-to-Own Program* to qualified 12-month lessees who sign a Purchase Option Addendum within 30 days of signing their initial lease.  This provides the lessee an option to purchase their specific leased condominium through Epcon Realty, Inc. and receive a percentage of their paid rent as incentive.  There are no expenses or purchase commitments made until you buy your condominium!  The addendum will document the 1-year start and the end date, the purchase price, the incentive and the other details of the program.  This program is available to lessees of selected Epcon investment/owned homes and no co-op agent can be involved in the purchase transaction.  Please ask Andrew Smith, Leasing Manager or Anita Smith, Broker if a specific property qualifies for this program.

The property owner determines the incentive amount to be offered.  The lessee may initiate their purchase with Epcon Realty after the initial six (6) months of the 12 month lease agreement and addendum terms.  The incentive is prorated for the number of full months the lessee has lived in the Epcon condominium and paid their rent on time while under their lease agreement and Lease-to-Own Addendum.  For example, if the lessee elects to purchase their home after seven (7) full months, they will be entitled to 7/12's of the addendum's incentive amount.

The lessee may use their accumulated lease incentive towards any of allowable appliations** such as:

  • Legally allowable closing costs
  • Prepaid monthly condominium fees
  • Legally allowable loan prepayments
  • Home improvements (such as new carpet, appliances, flooring etc.)
  • Other, as allowable by owner, lender and any applicable laws

When ready to purchase, the lessee notifies Epcon Realty, Inc. of their interest in purchasing their condominium.  Andrew or Anita Smith will make an appointment to discuss this in person and provide you with the necessary documents to begin the process!  This program is only available to those who purchase their home and not with another real estate agency.

 

*  This program may be altered or canceled at any time by Epcon Realty, Inc.

** The incentive may not be applied to lowering the purchase price, nor may it be applied to the down payment.

 

Epcon Realty, Inc.

Andrew N. Smith ~ 614-207-9700 ~ gocondo@aol.com

Anita K. Smith ~ 614-207-2526 ~ asmith@epconcommunities.com

www.epconrealty.com

 

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