Home Rent to Own | Power of Sale/Foreclosure | Credit Management The Way Canadians Can Become Homeowners | Page 5

THE BEST WIN-WIN OPTION TO HAVE
A HOME IN CANADA
For Canadian landlords, there are some other benefits. If you are a person
who has tried selling a house for some time without no success, maybe you
should consider solving this problem by simply renting it. According to
research done about the Canadian real estate business, the majority of
rent-to-own home tenants end up buying the house. So, if you can create a
rent-to-own contract, your chances to sell the property will increase.
Moreover, this kind of tenants are more committed with the property,
because they feel a sort of attachment to that place. Besides, this kind of
contracts gives the landlord certain frequent sums of money to cover any
damages that may be caused by tenants. Also, in the long run, the rent fees
are an alternative for not completely selling the property.
There is also another benefit of rent-to-own homes which may change
according to landlords and tenants. In the contract the purchase end price is
agreed. After this, despite the fluctuations of the Canadian market, the
price will remain unchanged.