Leases

No Commission is Paid If And When Option is Exercised And Tenant Buys Home!

We do a 3-year lease with graduated payments.

Tenant can cancel anytime on a 60-day notice.

Lets be real: DIVORCE
One of them SPLITS
Lose JOB
It's all over

We sell the home for the
"Appraised Value"
With a Minimum and Maximum sales price that you the Landlord determine.

We like to give back a portion of the first years rent as settlement help if and when they purchase the home.

Repairs up to $500.00 paid by tenant. Repairs over $500.00 tenant pays first $250.00 and Landlord pays the remainder.

Tenant pays: water, sewer and Heater Contract. (when possible)
Appliances and A/C: No guarantee of any kind

Basically the same as our "Option to Buy" program. The only major difference is that the tenant does not have the option to buy the home, and the repair clause is weakened.

We usually do this if a home has been split into two apartments in which case the property being rented could not be deeded over. Or if the owner does not want to sell.

Our lease conforms to the Landlord Tenant Code Aug 96

Our lease conforms to the lead paint disclosure.

Our lease makes available:
Home, Pest, Lead Paint, and Radon Inspections at tenant's expense.

We supply a copy of the Lead Paint Form (Federal) and a copy of the Delaware Landlord Tenant Code (Required by Law)

Please Phone: (302)351-6288 Or E-mail us at: EdAdams@RentDelaware.com for more information