8719 S Honore St

Lease terms

We Offer TWO Options: Lease Option (Rent to Own) or Land Contract 1) Lease Option (Rent to Own / Lease with Option to Purchase) 2-year Lease with a 2-year Option Period (1-year extension possible) Option Price: $345,000 Monthly Rent: $2,900 Lease Option Fee: 3.5% 5% of the Option Price (applied as part of your down payment at closing when the option is exercised) $200 monthly rent credit applied toward the purchase price No Security Deposit and No Move-in/Move-out Fee Tenant/Buyer responsible for all minor repairs (owner handles structural issues) No Smoking, No Pets Tenant/Buyer pays all utilities, including water Tenant/Buyer maintains front and back yard 2) Land Contract (Installment Sale) Purchase Price: $345,000 Minimum Down Payment: 5% ($17,250) Interest Rate: 8.5% Estimated Monthly P&I: ~$2,653 Buyer also pays property taxes and homeowner's insurance. 3) Regular Lease (Only available if we do not find a Lease Option Tenant/Buyer) Monthly Rent: $2,800 Security Deposit: $1,400 Move-in Fee: $1,400 Tenant responsible for front/back yard maintenance & snow removal No Smoking, No Pets Tenant pays all utilities, including water