Many cabin manufacturers, such as Pine Creek Structures, General Shelters, USA Portable Buildings and Wildcat Barns, offer information about rent-to-own programs on their websites. Customers can also call the companies directly to inquire about the specific details of these programs.Continue Reading
A rent-to-own program for a cabin involves a customer choosing a specific model of cabin and creating a customized contract, wherein the buyer has the option of purchasing the cabin at the end of the rental period. The key feature in a rent-to-own contract is that the money the tenant pays in rent is applied to the final sale price of the cabin, which means that the tenant is essentially paying for the cabin in installments, while being able to use it at the same time. The exact percentage of rent payments applied to the sale price is determined by the business.
Each rent-to-own contract is different, as each business places its own qualification requirements on renters. For example, one company may run a background or credit check to determine financial reliability, while another may simply require a security deposit. Each company also has the ability to define the length of the rental period, as well as add any additional fees or criteria.Learn more about Insurance