Everything you need to know about this rent-to-own program in Calgary

The journey to homeownership isn’t always easy – especially when you’re juggling other expenses like rent, groceries, and other costs of living.

Modern problems require modern solutions, which is why Truman is changing the game with its new rent-to-own program.

Renting to own

Just because you aren’t quite ready to buy a home doesn’t mean your hard-earned money should go toward paying off a landlord’s mortgage. The rent-to-own program is an innovative way for Calgarians to live in the present while preparing for the future.

How it works is simple. When you rent at a Truman property for a year or longer (so, the standard lease length), every dollar you pay in rent is automatically saved as a purchase credit toward your future Truman home.

Literally, every dollar. 100 per cent. All of your monthly rent is saved as a credit for you to use later on, with no surprise fees, pesky applications, or unexpected expenses. It’s that simple.

Credits where you need them

Truman

Anyone who’s ever rented knows how quickly rent adds up, but when you’re renting to own, that can work in your favour. If you pay $1,900 a month in rent, you’ll have saved $22,800 towards your home after one year.

They’re your credits, so it’s your call how you put them to use. Maybe you want to complete the hurdle of closing costs, buck up for premium parking or storage, or make dream upgrades to your new home on day one.

No need to stress about using your credits right away. Buying a home is a big decision, and life doesn’t always go according to plan. Credits remain active for two years after a completed lease, so you can take your time and make the right decision for you and your family.

Past, present, and future Truman renters

Truman

Oh, and did we mention past and present Truman renters are eligible for the rent-to-own program as well?

If you’ve rented with Truman on a lease of 12 months or longer at any point in time, your credits are already being saved for you, with no need to apply or opt in.

If you’re considering homeownership in your future, Truman can help you get there. All you need to do is kick your feet up and pay your rent to start accumulating credits. View current Truman listings today to get started.