Real Estate Blog PHILIPPINES

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DMCI Homes introduces lease-to-own option

DMCI HOMES recently introduced an option that would give renters an option to purchase a condominium unit in selected properties.

“This limited time promo offers a lease-to-own option to those who will rent a unit in select move-in ready DMCI Homes properties in Metro Manila, Baguio and Davao through DMCI Homes Leasing Services,” the company said in a statement.

A client can move into a unit after paying one month’s rent in advance and the two-month deposit requirement for a 24-month lease.

DMCI Homes said the promo comes with a “lock-in price” that would shield the client from any unit price increases in the future.

If a client decides to purchase the unit, he needs to submit a letter of intent six months before the end of the lease contract. The client should also pay the required minimum equity down payment before securing financing scheme within the six-month conversion allowance.

A “significant portion” of the rental fee will be credited as down payment for the purchase of the condominium.

Article and Photo originally posted by Business World last June 15, 2021, 12:02am.