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Frequently asked questions
about Option to buy:
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Question: What is Hudson Properties option to buy? |
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Answer: 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. |
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Question: What happens if the tenant decides to buy within the 24 month time frame? |
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Answer: 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! |
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Question: What happens if tenant does not exercise the Option within the 24 month time frame? |
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Answer: 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. |
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Question: Does every Tenant get an Option to Buy? |
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Answer: 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. |
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Imagine saving $2,400.00
for a down payment without having to put the money aside each month!
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