223 Fairmont Dr

Lease terms

Rent-to-Own Opportunity Own This Beautiful Home! Looking for a path to homeownership without the immediate need for a full mortgage? This rent-to-own home offers a flexible, structured way to build equity while you live in the home you love. Property Highlights Included appliances: full-size washer & dryer Entertainment ready: 70" flat screen TV and 55" flat screen TV included Smart security: Ring alarm system included HOA-managed community (HOA dues: $115/month) Rent-to-Own Terms Purchase Price: $325,000 Lease-Option Term: 3 years Monthly Rent: $1,950/month (base rent; excludes homeowner's insurance and property taxes tenant responsible for these, see below) HOA Dues: $115/month (tenant responsible) Option/Down Payment: 20% of purchase price, non-refundable Tenant Responsibilities Tenant is responsible for all property upkeep during the lease term, including: HVAC system maintenance and repairs All utilities Pest control Lawn care and landscaping Major and minor repairs and maintenance Financing Requirement Tenant-buyer must obtain mortgage pre-approval within the first 24 months of the lease term. Additional Terms Late Fees: Late fees apply if rent is not paid by the due date (amount to be specified in lease agreement) Default: Failure to meet payment obligations or lease terms may result in default, as outlined in the lease-option agreement Move-In Inspection: A documented walkthrough (photos and video) will be conducted prior to move-in to record the property's condition Property Condition: Tenant agrees to maintain the property in good condition throughout the lease term, consistent with its condition at move-in (normal wear and tear excepted) This is a summary for marketing purposes only. Full terms, late fee amounts, default conditions, and legal provisions will be defined in a formal lease-option agreement prepared with a real estate attorney.