JCI Management
Frequently Asked Questions
1.
Does My Down Payment Go Towards My Purchase?
Yes! Your down payment is applied when you purchase your home.
2.
Does My Monthly Payment Go Towards My Purchase?
No, We focus on keeping your monthly payment low so that you can pay down debt which will improve your credit score and help you to buy your home sooner!
3.
Do I have to buy the home?
We understand things change. You can move-out at any time with no penalty.
4.
Is My Down Payment Refundable?
Unfortunately, your down payment is non-refundable but it will be applied to your purchase if you choose to buy the home. Your down payment guarantees only you can buy the home during your lease.
5.
Who pays the home insurance and real estate tax during the lease period?
The seller maintains full insurance and pays the property taxes, HOA dues and other necessary fees.
6.
What is an option fee?
An option fee is not the same as a security deposit. The option fee is paid at the beginning of the lease period and is what allows the renter to have an exclusive right at the end of the period to decide whether or not they want to purchase the property.
7.
Do rent-to-own homes allow me to bring my pets?
Most properties will allow you to have pets, but is specified in the agreements. Sometimes sellers will ask for "pet rent" to be added to the monthly rent. "Pet rent" can vary from $5-20 per month.
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