Rent to Own Concept - Offices for Sale in Oxford Tower @ Business Bay

Dear All,

 

Kindly be informed, we would be introducing a new concept of sale in Oxford Tower, which is Rent to Own contract by just paying 15% down payment.

Brief:

A rent to own contract means executing a Lease agreement between the property owner and the tenant who plans to buy the property in a specific period of time.

 

In case of Oxford Tower units, the tenant will pay the owner 15% of the Selling price as deposit amount which will be used towards a down payment of this unit and the tenant enters into a lease agreement with the owner for 6 months. In addition to the deposit, the owner will collect rent every month, which will be added up towards the purchase of the property. The rent to own contract will protect the interests of both the property owner and the tenant who plans to eventually buy the property.

 

Please note the following:

·         The purchaser will still have the option to proceed with the normal sale in case the client is not convinced with this option.

·         Prices are not negotiable if the client opts ‘Rent to own’ concept.

·         The lease agreement is made for only for 6 months, starting from 1^st June 2014 to 30^th November 2014 and cannot be further extended and thereon we transfer the property to the tenant as per the normal DLD procedure.

·         Service fee is will be paid on pro-rata basis from the time he puts down his down payment and enters into the lease agreement.

 

 

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