According to a 2000 Federal Trade Commission survey of the U.S. rental industry, consumers indicated that they had opted for rentals for a number of reasons, including “lack of credit quality verification,” “the ability to obtain goods they otherwise could not,” and “the comfort and flexibility of the transaction.”  The main reason for dissatisfaction in the survey was high prices. In addition, some respondents reported that employees were mistreated in relation to late rent payments, repair problems, and hidden or additional costs.  Auckland`s Special Residential Area is subsidized by the Housing Foundation, which provides housing for young families. As part of their program, tenants pay rent for their homes for the first five years and then move on to mortgage payments. In the flagship of the Waimahia Inlet, 282 new homes will be built over the next three years.  A self-rental agreement can be a great option if you are an emerging homeowner, but you are not quite financially ready. These agreements give you the ability to get your finances in order, improve your creditworthiness and save money for a down payment, while “locking up” the house you want to own. If the option money and/or a percentage of the rent goes towards the purchase price, which they often do, you will also receive some equity. The first important thing to understand your rental terms is whether you have taken out a rental option or a rental agreement. As rental contracts for real estate are flexible free documents, there is room for fraudsters to exploit unprepared tenants.
 Rent-to-own advocates recommend consulting licensed real estate brokers and/or lawyers for each step of your transaction for your safety. At the end of the rental period, the tenant/buyer has the opportunity to purchase the house. The lump sum and rental credit from the original deposit will only be released to the buyer in the form of a down payment on the house, if the tenant/buyer decides to buy it. The tenant/buyer is responsible for guaranteeing the mortgage required to complete the purchase of the house. This Rent to Own Contract is a prefabricated contract created and designed in JotForm`s PDF format.