| Frequently
asked questions about Option to buy: |
 |
What
is Hudson Properties option to buy? |
 |
An option
to buy is where the owner of the property offers
the tenant the right to purchase the home anytime
within the next 24 months. The home cannot be sold
"out from under" the tenant. |
 |
What
happens if the tenant decides to buy within the
24 month time frame? |
 |
Hudson Properties
will credit the tenant a $100 dollars per month
credit toward the purchase of the home. If the home
is purchased in the 24th month the tenant will have
a $2,400.00 credit coming from Hudson Properties.
It is our way of helping you save the down payment
without you having to save for a down payment! |
 |
What
happens if tenant does not exercise the Option within
the 24 month time frame? |
 |
There is absolutely
no obligation for the tenant to purchase the home.
If the tenant chooses not to purchase the home all
rental payments will be treated just as rental payments. |
 |
Does
every Tenant get an Option to Buy? |
 |
No, you do not have
to rent with the Option to Buy. However, if you
so desire, inform us of this on your application
form. |
| Imagine
saving $2,400.00 for a down payment without having
to put the money aside each month! |