In short, RTO(Rent To Own) is a way of renting a building in order to own it after a period of time. Instead of paying interest like financing, you pay rental fees. These rental fees are different based on the building chosen. Once you pay on your building for the period chosen, it is yours! If you decide that you want to return the building then it is returned without penalties. Sheds and metal buildings are often on Rent-To-Own programs because of the ease of signing up and the several promotions that come along with it.
RTO In Detail
- Agreement: The Customer and Ascential Buildings sign a rent-to-own agreement, which outlines the terms and conditions of the agreement. This agreement typically includes the rental amount, the length of the rental period, the purchase price, and any other relevant details.
- Rent Payments: The customer pays rent to the RTO company as agreed in the rent-to-own agreement. A portion of each rent payment is treated as a rental fee.
- Purchase: At the end of the period chosen the customer then takes full ownership of the building.
