Wouldn't it be nice to lease your dream home, with a Right to Purchase later?

Click Here For  Lease to Purchase Program Details

With the Right to Purchase program, you are given a chance to find your dream home and live in it now by leasing it up to 5 yrs. Within that time frame you will have the Right to Purchase if you desire, or walk away after each 1 yr lease term. Lease Purchase Price amounts are confirmed before entering into a lease contract.
Click here for downloadable information!


  1. What is the Lease with a Right to Purchase Program?

The Lease with a Right to Purchase Program (the “RTP Program”) allows you to find a home that you want to rent initially, but would also like to buy at any time within the next five years.

We believe that there are many households who may be thinking about buying a home but for whatever reason would like to rent at the current time.
You can lease the home for up to five years, and you may purchase the home at any time at a predetermined price in accordance with the Right to Purchase agreement.
  1. 2. Who is eligible for the RTP Program?

    There are certain minimum criteria for the program. Your household must have an annual income of $50,000. You must have stable employment. We cannot accept you into our program if you or anyone in your household has a history of eviction or a pending bankruptcy. Everyone in your household will be subject to a criminal background check.

  2. 3. How do I apply to the RTP Program?

    Every member of your household who is 18 years of age or older must complete the Pre-Qualification Application and the Full Application. The Full Application requires certain information, including residence and employment history, for each member of the household. You also must provide income verification for each member of the household whose income is to be considered in determining the rent approval amount in order for your application to be considered complete.If you are moving from a different state or starting a new job, we will need confirmation of your new job and income.

    There are several factors taken into consideration when reviewing an application, which include household income, rent-to-income and debt-to-income ratios, rental and housing history, employment history, criminal history, and FICO® scores of 550 or above

    A decision on your application is usually made within 1 to 3 business days of receiving all required information.

  3. 4. How much does it cost to participate in the RTP Program?

    There is a one-time Application Fee of $75 per household that must be paid online as part of the application process. This Application Fee covers all applicants in the household and is nonrefundable.

5. Why might my application be denied?
  1. Several factors are considered when reviewing an application, which include household income, rent-to-income, and debt-to-income ratio, rental and housing history, employment history, criminal history, and FICO® score. The profile of the entire household is considered when reviewing an application. If your application is denied, you will receive notification in writing.

6. How do I find a home once I’m approved?

A Realtor® of The Julia Brown Team will work with you to search for homes that meet the  "RTP" purchasing criteria. Generally, this means that the home should be:

  • Located in an approved community 
  • Listed for between $100,000 and $400,000 
  • Located on a lot no more than two acres with a minimum of two bedrooms;
  • A single family home; condo associations, condo interests, commercial and multi-family       properties are not eligible for the RTP Program;
  •  A traditional sale. Short sales, auctions, and REOs are not eligible for the RTP                     Program;
  • Free from material deficiencies;
  • No guest houses/ in-law suits with separate entrances;
  • Home may have a Pool

Once you have selected a home, Your assigned REALTOR® with The Julia Brown Team will submit the home for approval. 

  1. 7. Is there a required deposit?
  2. Yes. Generally, A deposit equal to two months’ rent. This deposit is not applied towards your rent. If you decide to leave the home at the end of any one-year lease term and you have been in compliance with the terms of the lease and return the home in the same condition it was in when you moved in (normal wear and tear excepted), the full deposit will be returned to you or credited to the purchase price if you buy the home. The full deposit less any outstanding charges, if any, is also returned to you if you exercise your Right to Purchase the home.

  3. 8. How long does it take from when I select a home to when I move in?

    On average, it takes approximately five to six weeks from the time a purchase agreement is entered for a home until the day you are able to move in. There are a number of variables that may affect the move-in timeframe, including the length of negotiation with the seller of the home leading up to when we enter into a purchase agreement, what the home inspection reveals with respect to required repairs, and the renovations you request. We will keep you informed throughout the entire purchase and renovation process so that you are aware of this timing.

  4. 9. What happens after I move in?

    You are a tenant! You have entered into a lease for one year and are bound to the terms of that agreement. 

  5. 10. Are the monthly rent payments that I make applied to the purchase price of the home?

    No. Monthly rent payments are not applied to the purchase price of the home. If you decide to exercise your Right to Purchase, you must pay the full predetermined price as set forth in the Right to Purchase Agreement.

  6. 11. How do I exercise my Right to Purchase?

    You can exercise your Right to Purchase at any time during your Lease. However, you must provide that notice in writing at least 60 days before you want to complete the purchase. Once you notify Landlord that you want to exercise your Right to Purchase, they will contact you to get the process started. In addition, the closing date must occur before the end of the applicable Lease term.

  7. 12. Do you provide me with a mortgage or other financing?

    No, Landlords are not a mortgage company and  will not provide or arrange a mortgage loan for you. They cannot guarantee that you will be able to obtain a mortgage loan if and when you wish to exercise the Right to Purchase. I suggest working with a loan officer prior to exercising your Right to Purchase to ensure the time is right and you will qualify for the mortgage.

13. Can I have pets in my home?
  1. Up to three pets (cats or dogs) with a max weight limit of 180 pounds total are allowed. For dogs, you must not have a Doberman, Pitbull, Rottweiler or Mastiff. Other animals such as pigs, horses, chickens, goats, etc. are not allowed. There is a $300 per pet fee in most states. This fee is due with the required deposit and is refundable in the event you purchase the home. Otherwise, it is not refundable.