Rent to Own:

One of the corporate objectives at DogStar Properties is to provide individuals the satisfaction of home ownership. Quite often, individuals who have bruised or non-existent credit, income reduction or even newcomers to Canada are unable to qualify for traditional financing. That's where rent to own is a great alternative and that's where DogStar Properties comes in.

Essentially, we work with potential buyers, putting them through a thorough application process that includes reviewing their credit history. If they meet our criteria and qualify to a certain purchase price, we create an agreement whereby DogStar Properties buys the home on the renter's behalf. The agreement sets out the terms i.e. monthly payment in which a portion of the rent goes towards building a down payment for the renter when they buy the property at the end of the term, usually 2-3 years.

With rent to own, everyone benefits:

  • For the Renter/Purchaser, they can start building equity in their future home right away with a payment plan to the landlord each month. By sticking to an agreed plan, the renter can start improving his/her credit rating so that future mortgage approval will be smooth once the rental term is complete.

  • For the landlord, the benefit is having the tenant take pride in their home and to be responsible for all the upkeep and maintenance. At the end of the rental period, the tenant is usually able to obtain financing and the property purchase is completed.

Does the rent to own strategy interest you? If so, please fill out the application and we will contact you shortly.

Frequently Asked Questions
with Rent to Own:

Why do I have to pay $500.00 as an initial payment upfront?

  • Initial amount is to show good faith on your (the tenant’s) part
  • It takes time to review an application and coordinate with a realtor

Who will see my personal information?

  • The only person(s) who will see your personal information is the investor (Dogstar Properties Inc.) and/or the joint venture partner
  • When the investor locates a credit repair specialist, the investor will provide your personal information to them and to them only

What happens if I can’t purchase the house at the end of the rental term?

  • Issues are addressed on a case-by-case basis
  • As long as you are saving for your down payment, things can be done to help you with home ownership such as a rental term extension
  • If you simply change your mind, you will forfeit your initial deposit as well as any option credits you have earned throughout the rental period

How much of a deposit do I need to put down?

  • The deposit required is between 2% and 5% of the purchase price of the home
  • The larger the deposit, the better it will be for you because the deposit is credited toward the purchase price at the end of the rental term

Who is in charge of maintenance?

  • The tenant is responsible for all maintenance and repairs to the property

For more questions and answers, click here >>

Does the rent to own strategy interest you? If so, please fill out the application and we will contact you shortly.

To download
an application, click here.

Questions? Click here.