Valls & Associates LLC
Real Estate Services

Sales / Rentals / Property Management
Miami, Florida, USA * Phone: (786) 600-5005





This website can be translated into 65 different languages. Please select your language..

Don’t spend your money renting a place to live in. Instead, lease a home with an option to buy it in the near future.

If you want to own your home but are unable to qualify for a mortgage loan today, leasing a home with an option to buy might be your best option. A lease with an option to purchase can make your rent money work for you instead of making your landlord richer.

If you had any financial hardship, foreclosure, bankruptcy, divorce, etc; if you have less-than-perfect credit rating and need time to repair your credit; if you make enough money to pay for the monthly cost of owning a home but at the present time you don’t qualify to obtain a mortgage loan due to your poor credit rating. You might own the home you want to live in using our Rent-to-Own program.

Here’s how the rent-to-own program works:

A Prospective Tenant looks for a home in an area where he/she wants to live.
The Investor buys the property and leases it to the Tenant/Buyer with an option to buy it in the future.
The Investor/Landlord and the Tenant/Buyer enter into two contracts. The first is a standard lease agreement. The second is an option contract, which gives the Tenant/Buyer the option to purchase the property for a predetermined price within a predetermined time frame. The Tenant/Buyer pays the Investor/Landlord a non-refundable up front option to purchase consideration (Option Fee), which is established as a minimum of 3% of the purchase price. This will be applied as a credit to the purchase price for the Tenant/Buyer if, and only if he/she purchases the property. The Tenant/Buyer will also pay a monthly premium of approximately 20% above fair market rent to the Investor/Landlord as a means to help establish a down payment credit for the Tenant/Buyer.
Maintenance is the responsibility of the Tenant/Buyer. He/She is now renting to own and homeownership requires maintenance. If any major repair is required to ensure habitability, the Investor/Landlord remains responsible. The Investor/Landlord is also responsible for the payment of the property taxes and insurance.
The Tenant/Buyer’s commitment is to purchase the property at the agreed price during the term of the Option Time. He/She must make sure of qualifying for a mortgage loan from a financial institution. To purchase the property the Tenant/Buyer must have the required credit score, the down payment, the closing costs, and adequate income to pay the monthly mortgage loan amount.
The Tenant/Buyer has an option to buy the property, but not an obligation to purchase it. In case the Tenant/Buyer decides not to buy the property the Option Fee and the monthly premium will be forfeited and not returned.

If you have any question please CLICK HERE and send us a message.