Lease Purchase Program
Are you in interested in living in Denver while enjoying the benefits of living in a single family home, but not prepared to commit to a mortgage? If it’s better for you to have more time so you can be more confident about the home and neighborhood or simply save more before choosing to buy, then the Home Partners of America program may be ideal for you – with a transparent process that puts you in control. Since 2014, Home Partners of America has been servicing the Denver area with our Lease with Right to Purchase Program. This program provides Denver-area residents with the opportunity to lease a home of their choice, before having to make that ultimate decision to buy. Enjoy the comfort of knowing that you can rent a single family home for up to five years and have the opportunity, but not the obligation to purchase that home, all at pre-arranged terms. Home Partners of America is committed to making homeownership a reality for more people, helping more people get into homes, in neighborhoods they love, with the opportunity to build a more secure financial future.
Home Partners provides responsible households with a clear and transparent path to homeownership through its Lease with a Right to Purchase Program. This program provides five years of rent certainty with only a one-year financial commitment on the lease.
As with a standard lease agreement, Home Partners requires you to sign a lease for a year and make a security deposit. Unlike a standard lease agreement, you will have renewal options providing five years of rent certainty and the right to purchase the home at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement. You can also select the home that you want to live in from those eligible and available for sale in communities Home Partners serves – enabling you to live in a neighborhood today where you might not otherwise find a suitable home to rent.
Your initial lease is for one year, so your financial commitment is limited to one year. Your lease is renewable every year for five one year periods, and you have the right to notify Home Partners if you don’t want to renew the lease. Your full security deposit will be returned as provided in the lease if you decide to leave the home at the end of a lease period and have been in full compliance with the lease.