Before the property is settled or the tenants move in, our tenants will pay you 3% of your purchase price
The payment will be held in trust and distributed to you within 7 days after the property is settled and the tenants have moved in.
If the tenant decides to buy the property from you during the 5th, 6th, or 7th year of their lease, this 3%, will form part of their deposit, and will therefore be deducted from the property's final sale price.
This setup is an essential part of the rent-to-sell agreement.
It helps in reducing the upfront financial pressure of buying an investment property, making property investment more attainable.
Additionally, in cases where you're investing in a new property with separate house and land contracts, you only pay stamp duty on the land. So, the 3% you initially receive will equate to roughly double the stamp duty costs and will also help to offset other costs such as interest and conveyancing where applicable.