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What happens if a client decides not to purchase the home at the end of the term?
What happens if a client decides not to purchase the home at the end of the term?
Client FAQs

What happens if a client decides not to purchase the home at the end of the term?

Clients can choose to walk away from the home. There is a penalty fee (5% of the original home price), and any remaining down payment savings after the penalty will be refunded.

Related Questions
Who is the ideal client for Requity Homes' program?
What are the eligibility criteria for clients participating in Requity Homes' program?
What happens if a client wants to buy the home before the end of the agreed-upon term?
Can clients make improvements or renovations to the home during the rent-to-own period?
How does Requity Homes help clients improve their credit scores during the rent-to-own period?
How does Requity Homes support clients in transitioning into a mortgage during the rent-to-own period?
My client's credit isn't strong enough — can they still qualify?
What kinds of homes are eligible for the program?
How do the client's savings work over the term?
Who pays for major repairs (e.g. roof, furnace, AC) after move-in?
Can my client do major renovations during the RTO term?
Will clients have any issues securing a traditional mortgage at buyback?

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