RENT TO OWN PROGRAM Why is it good for me?

RENT TO OWN PROGRAM
Why is it good for me?
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You can live in the house while repairing your credit or securing your financing.
You can move in immediately. You don’t have to wait for anybody but yourself.
You lock in a price. With recent real estate appreciation trends, this house could be worth
more than what you pay for it by the dime you close the deal. *
You can show a lender that you are trying to buy a home you’re already living in and paying
for. Banks generally look favorably upon this. In many cases, you can actually refinance in
order to close. With a refinance, you’ll usually get a better interest rate and lower closing
costs. We have lenders that specialize in this program, although you are welcome to work
with anyone you desire.
Why should I buy instead of just renting?
 OWN YOUR OWN HOME!!!!!! No pesky landlords to deal with!
 Build equity. If your home appreciates over time, you could gain valuable equity simply by
living in your home.
 TAX SAVINGS!!! Did you know that you can deduct the interest paid as part of your
mortgage? This can save you THOUSANDS of dollars EVERY YEAR!!!!!
 Improvements you make may add to the value of your home – and you get to enjoy the
improvements!!!
 Paint the walls any color you want!!!!
Why do we use lease options instead of just selling the house immediately?
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Tax savings. Ask how we can pass some of these savings on to you!!!
Faster. You get to live in the property while arranging your financing.
The house doesn’t sit empty. Regardless of how nice a neighborhood is, an empty house is a
target for vandalism because there’s no one there to watch it!
How does the rent to own program work?
It is actually a lease with the option to buy the property. You agree to rent the property for a
specific monthly amount. In addition, you make a one time Option Payment that counts toward
your eventual purchase of the property. You can close the deal at any point during the term of
the lease (usually one year). You can arrange financing with any lender of your choice. We
can also put you in touch with lenders who we’ve worked with in the past.
Lease Application Instructions
1. Fill out lease application completely and legibly. If something does not apply to you then put an “X” through
it, or “n/a” or some other mark so that we know you did not just miss that box.
2. We will need proof that you make the money on your job that you say you do on the application. Therefore
you will need to include 1 month’s worth of pay stubs from all adults who will be named on the lease. If you
receive your check weekly, this means you need four stubs, if every two weeks then you will need two.
3. We will need a copy of your driver’s license or State ID card.
4. Remember to sign your application. If husband and wife, or any two applicants, both must sign. According to
Federal and State law, we cannot process your application unless you sign.
5. Make copies of the pay stubs and the driver’s license and Fax them along with the application to 501-2611463.
6. Only complete packages with all of the above items included will be considered.
7. Please put the Address you are Applying for att he top of your application
Frequently Asked Questions and Information
1. Rent is due on the first of the month. If it is not in the companies Post Office box by the morning of the first of
the month it is late and there is no grace period. Late fees will begin to accrue that day.
2. All repairs and alterations must be approved by the staff of DeAntoni Management. You may not fix anything,
hire anybody to fix it, get an estimate to have it fixed or have any contractor, handyman, city inspector, or any
other person in or around the property for purposes of a repair or alteration. This being said, we want to hear
from you if you think something is not working correctly in the home. We make every effort to have high
quality housing at affordable prices, and would much rather fix a problem when it is small than not hear from
you and find out months later that the problem is now major and will be very expensive to fix.
3. You May Not Park on the Grass. Under some circumstances, we may allow you to park in the backyard;
however, to insure that our homes are always the best looking homes on the block, you will not be allowed
under any circumstances to park in the front or side yards.
4. Yes, We allow pets. There are however extra fees involved and some extra rules. For example if the pet is a
dog, we will need to meet it to make sure that it will be friendly enough to let our crews on the property for
maintenance when needed.
5. May friends/ family members stay with me? The short answer is yes friends/ family members may come to
visit, and perhaps even stay a night or two, but when it goes beyond a weekend, ( 2 or 3 nights, or that person
repeatedly spending the night such as a boyfriend who is there every weekend), we need to get an
application from them as well and based on the discretion of our agents and each individual situation you
may be required to add that friend/family member to the lease.
6. Do you have a website? Yes. Te site address is www.DeAntoniManagement.com.
7. What sort of payment do you accept? Personal checks, Money orders, and Cashier’s checks. We will not
accept cash, out of state checks, or third party checks. If you send one of these unaccepted formats to our
P.O. Box, you will be considered a late payment, regardless of whether we receive it on time or not.
LEASE OPTION APPLICATION
DeANTONI MANAGEMENT, L.L.C.
P.O. BOX 602, MABELVALE, AR 72103
(501)-492-6879 (501)476-0217 FAX
Address of Home Applying For:__________________________________________________________
PLEASE PRINT CLEARLY!
PERSONAL INFORMATION
Name
Social Security#
Drivers License#
Your Phone#
Date of Birth/Birth Place
Mother's Maiden Name
Present Address
City/State/Zip
How Long?
Landlord/Agent
Phone#
Why Moving?
Previous Address
City/State/Zip
How Long?
Year/Make/Model of Vehicle
License Plate#
Desired Length of Occupancy
Desired Date of Occupancy
EMPLOYMENT INFORMATION
Employer's Name
Phone#
Name of Superior
Address
City/State/Zip
Position Held
Monthly Income
Source of Income:
( ) Wages
( ) Government Assistance
Start/End Dates
( ) Salary
( ) Other
( ) Commission
( ) Tips
Previous Employer's Name
Phone#
Name of Superior
Address
City/State/Zip
Position Held
Monthly Income
Source of Income:
( ) Wages
( ) Government Assistance
Start/End Dates
( ) Salary
( ) Other
( ) Commission
( ) Tips
PERSONAL INFORMATION (CO-APPLICANT)
Name
Social Security#
Drivers License#
Your Phone#
Date of Birth/Birth Place
Mother's Maiden Name
Present Address
City/State/Zip
How Long?
Landlord/Agent
Phone#
Why Moving?
Previous Address
City/State/Zip
How Long?
Year/Make/Model of Vehicle
License Plate#
Desired Length of Occupancy
Desired Date of Occupancy
EMPLOYMENT INFORMATION (CO-APPLICANT)
Employer's Name
Phone#
Name of Superior
Address
City/State/Zip
Position Held
Monthly Income
Source of Income:
( ) Wages
( ) Government Assistance
Start/End Dates
( ) Salary
( ) Other
( ) Commission
( ) Tips
Previous Employer's Name
Phone#
Name of Superior
Address
City/State/Zip
Position Held
Source of Income:
Monthly Income
Start/End Dates
( ) Wages
( ) Government Assistance
( ) Salary
( ) Commission
( ) Other
( ) Tips
IF YOU ARE WANTING TO LEASE WITH THE OPTION TO BUY OR WANT TO REQUEST OWNER FINANCING
TO PURCHASE, PLEASE TELL US HOW MUCH YOU HAVE AS A DOWNPAYMENT:
PERSONAL REFERENCES:
Name
Address
Phone #
Name
Address
Phone #
Name
Address
Phone#
Name
Address
Phone #
If Accepted, The Following Persons Will Be Living With Me:
Name
Age
Relation to Leasee
NEAREST RELATIVES:
I hereby give consent for you to make such checks on my credit history and background as you deem necessary.
Applicant
Date
Co-Applicant
Date