Property Owner? Sell Your Home, "Rent-to-Own." Tenant Pays First $5,000 In Repairs.

You would think it would be difficult getting a tenant-buyer to pay the first $5,000 in any 

repairs that the property needs. It's easier than you actually think though. In fact, when 

selling Option rights to homes across the country, we have never had a problem getting our 

tenant-buyers to pay.   

It really comes down to adding a clause that would state something to the effect of the 

following:

"Tenant-Buyer(s) responsible for the first $5,000 in any and all repairs to the home 

during the lease-option period. All needed repairs must be first approved by the 

home owner(s) before any work is performed, in writing, and all work must be 

performed by a licensed and bonded repair man"



If a home is around the $200,000 Option price range, I use the $5,000 range for repairs as 

a rule of thumb. If the home is a higher end property, for example, with a $500,000 price tag 

or more, don't be afraid increase this amount to the first $10,000 in repairs etc.

 

You will be amazed how easy it is to have your future tenant-buyers agree to this. This is 

not because you are taking advantage of them in anyway. It is simply because the 

exchange for equal value, the tenant-buyer receives a lot of perks that make agreeing to 

this arrangement "a piece of cake" such as: 

• Having a portion of their monthly rent be applied towards the purchase price each month

• The potential to achieve home ownership, instead of wasting their money in rent

• No banks to worry about for 1-3 years

• No credit checks required for them to rent-buy the home

• And more....

Interested In Learning More About How a, 

"Rent-to-Own" Sale Could Work for You?