NE Heights Condo with Lease Option to Purchase

Want to buy, but need time to get ready? This Northeast Heights condo is available as a Lease with the Option to Purchase, giving an approved resident the opportunity to lease the property now while securing a written option to purchase in the future. This is more than a standard rental. The monthly payment includes agreed option consideration that may be applied toward a future purchase according to the written lease-option agreement. Monthly Payment Breakdown: Base rent: $1,300 HOA: $280 Option consideration: $200 Pest / credit builder: $31 Renter’s insurance: $10.50 Total monthly payment: $1,821.50 The HOA amount covers water, laundry rooms, garages, common areas, exterior building maintenance, and parking lot areas, subject to HOA rules and governing documents. Lease-Option Structure: Upfront option consideration: $5,000 Option term available up to 5 years $100 rent increase beginning in year 3 Written lease-option agreement required Application and approval required Property rules, HOA rules, and lease terms apply Due at Move-In: Upfront option consideration: $5,000 First month’s rent: $1,821.50 Any applicable pet fees: $350 one-time pet fee, $35 monthly for the first pet, and $15 monthly for the second pet, with a maximum of 2 pets This may be a strong fit for someone who wants to live in the home now while preparing for a possible future purchase. Important: This is not a guarantee of financing, loan approval, or future purchase. Option consideration, purchase terms, timelines, and conditions must be documented in writing. Equal Housing Opportunity. Broker Owner.