Frequently Asked Questions (FAQ)

General questions about our company, service, and properties we offer on this website:

  • What does Percentage Ownership actually mean?
  • What is the Percentage Ownership process?
  • Do appliances or furniture come with a percentage ownership home?
  • What if I have bad credit? Can I still get a percentage ownership home?
  • Is there a down payment on a percentage ownership home?
  • What are the benefits of a percentage ownership home?
  • What are the requirements of a percentage ownership arrangement?

What does Percentage Ownership actually mean?

Our percentage ownership agreement is a contract on a property that works like a lease with immediate percentage ownership rights and leads to 100% ownership at the earliest time possible.

The lease portion is a standard rental agreement that includes monthly rent, security deposit, and other typical terms.

The percentage ownership option in the contract gives you immediate percentage ownership rights to the property and 100% ownership  a set time period – usually around 2-3 years. This gives you the ability to accumulate a equity building deposit towards the down payment, repair some credit/debt issues, increase your income, or otherwise improve your ability to qualify for a mortgage.

Most of the time people use a traditional mortgage loan to purchase the property prior to the expiration of the term period, but there are other options if your financial situation has unique needs.

We help lots of folks like you to purchase the home of their dreams.

Fill out the form below to get started on your way to home ownership!

What is the Percentage Ownership process?

To Begin…

  1. Join our property list and tell us what type of home you’re looking for, your budget, etc (START with the form to the right)
  2. After we receive your information we will call you and chat and answer any further questions you may have.
  3. To proceed you will need to prove that your credit is average or above. Don’t know what your credit is?  We can help you there. We will show you how you can easily pull your credit bureau.
  4. You may have seen a property we are advertising that is available for percentage ownership or maybe you just heard about our website. Either or we’ll send you percentage ownership homes that fit your criteria. If the properties in our inventory does not meet your criteria, we can do a personal search for you.
  5. After you’re approved for a percentage ownership property, we’ll agree on a monthly rent amount that fits your budget and the future purchase terms.  Then just sign the documents and move on in!
  6. Move in and pay your monthly payments on-time… then at the end of the percentage ownership agreement term you become 100% owner and title is transferred to your name.

Do appliances or furniture come with a percentage ownership home?

Most of the time, furniture isn’t included with a lease/option purchase.

Generally, the basic appliances are there – like a refrigerator, stove, oven, and sometimes extras, like a dishwasher, a washer and a dryer. Parts of a property that are installed or attached – like the heating system and air conditioning – are definitely included.

Sometimes, we’ll offer a property that includes some furnishings. Most buyers want to bring their own stuff with them from their previous home, and that’s why furniture is sold separately.

There are many companies out there that provide a rent-to-own service for furniture or extra appliances, and you’ll get lots of choices on styles and types.

But be careful! Furniture companies will charge you huge amounts for a rent-to-own agreement. You might end up paying 2-3x more for these products than if you bought them outright.

Plus, those appliances will probably go down in value – unlike real estate, which usually goes up in value.

Of course, you want your money to be going to an asset (like your home) that will rise in value, not expensive interest payments on new furniture.

So don’t wait! Fill out the form at the bottom of this page to get started now.

What if I have bad credit? Can I still get a percentage ownership home?

Sadly it may not be possible. However we can look at your credit and determine if you have a chance.  Some people with bad credit are surprised to see that through our credit counselling we can get them into a percentage ownership home by correcting their credit before the transfer and mortgage application occurs.

So fill out the form at the bottom of this page now and get your piece of the Canadian dream!

What are the benefits of a percentage ownership vs a rent to own home?

There are a lots of benefits for both agreements! However our percentage ownership program wins on fairness and lower monthly payments.

In the Alberta area, lots of smart people are using our percentage ownership program over the typical rent to own agreement as a way to get the home of their dreams without having to pay the over and above RTO fee.

In the past few years, banks have been very tight on their lending criteria. Most people who use a rent to own agreement have to spend extra on the rent to own option agreement to be in effect to get ready to qualify. This monthly qualifying amount can be as high as $500 (option payment) or more above the rental agreement and is given to the optionor (the seller) every month with the lease payment.  If the Optionee (the buyer) cannot exercise the option after the end of the qualifying date/period, the Optionee loses all the accumulated option payments and  the Optionor can keep all the option payment money.

Here are just a few of the benefits of our Percentage Ownership program:

  • Try before you buy! You get to live in your percentage ownership home and get immediate owner rights before you actually 100%  purchase it.  If you don’t like the house after you have lived in it for a while due to unforeseen issues such as neighborhood , you don’t have to complete the purchase.
  • Own without great credit or a big down payment. You can start feeling like a homeowner right away while we help you accumulate the down deposit at time of purchase.
  • Accumulating equity credits. While you make the monthly payments we will credit you a percentage of these payments toward the down deposit for the future purchase of the home. There is no over and above the rent monthly option fee like in a rent to own program. Do you now see the beauty of our Percentage Ownership Program~!
  • Privacy. You’re not listed as the purchaser on any public records until the closing takes place, giving you years of privacy.
  • Move in fast. Since you don’t have to wait for a mortgage, you can often move in right away after your qualified – and get started living a new life in the home of your dreams!

So don’t wait! Get started now by filling out the form at the bottom of this page.

Is there a down payment on a percentage ownership home?

The more you can put down the quicker you will gain 100% ownership. If you have no down deposit we can still proceed.

We can help you to structure the perfect scenario to meet your needs. We’ll show you the percentage ownership calculators and formulas that we use when we prepare your agreement, and help you figure out what’s best for you.

So don’t wait! Get started now by filling out the form at the bottom of this page.

What are the requirements of a percentage ownership arrangement?

We know that every person, family and situation is different.

We do our best to help you uncover creative solutions to help you own the home of your dreams.

Once you’ve had a chance to check out the house, you’ll fill out a rental application that will include detailed information on everyone living in the home.

We’ll conduct a credit check and verify the income(s) for everyone over 18 who is living in your household to confirm that you’ll be able to make your monthly payment.

We’ll speak with your references and previous landlords, because relationships matter to us more than just scores assigned by a computer.

We love helping great folks to reach their dreams, so don’t be afraid – fill out the form below to get started!

See Available Calgary Percentage Ownership Homes ›