Please find most common questions and answers at below. If your question is not answered in here, feel free to contact Peter directly.
What is Initial Option Fee? Do I need to have?
Almost yes, just like your rental deposit. It is required and it's still your money. This initial option fee is the money toward to your future down payment when you take possession of the property with bank's approval. The seller will hold on for this money and get back to you when term reached.
Monthly Option Fee?
Without sufficient Initial Option Fee to meet bank's minimum requirement, this is calculated monthly savings add to your future down payment. Again, this is still your money. The seller will hold on for this money and get back to you when term reached.
What if I don't want to buy the place anymore?
Yes, you have freedom to walk away anytime even after agreement has been signed. However, your initial option fee & additional monthly savings will be forfeited to the seller.
What if the toilet not flushing after moved in?
We will do full home inspection with you before you move it. After that, You are technically the property owner not on paper. Any damage or property issue is your own responsibility.
Who pays the increasing condo fee?
After you move it, You are technically the property owner not on paper. Any property associated cost is your own responsibility.