The seller Leases the home to the Buyer. The buyer pays an option fee upfront. At the end of the lease, the buyer will have the obligation to buy the home at a discounted price.

Buyer will property taxes, insurance, HOA fees, and utilities during the period.

No, they cannot cancel once the deal is closed.

Buyer must pay the remaining balance of their lease or find someone to sublease it to. If the buyer misses payments after a few months they forfeit their right to purchase and will be evicted. Any missed monthly payments will be taken on by perfecto and so will the option to purchase.

You can sell your option and assign your lease to someone else. Or you can rent out the home and still purchase it once your lease purchase date requires you to.

Sellers will get their primary owner’s tax exemption of $250,000/$500,000 - please check with your CPA.