• Option Fee: The upfront, non-refundable payment for the option to purchase (aka downpayment)
  • Monthly Rent: A portion of which may include rent credits for on-time payments
  • Maintenance/Repair Costs
  • Legal Fees: For reviewing the agreement.
  • Future Closing Costs: If you proceed with the purchase, you’ll be responsible for standard closing costs like land transfer tax, legal fees for the purchase, and potentially a home inspection.