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Rent to Own
Rent or Buy?

 

Why can't you earn credit toward the purchase of a home while renting? With Grainger Management you can.

Grainger Rent-to-Own is our exclusive program that enables you to earn credits toward the purchase of a new home from a quality built Grainger Construction home.

Lease a town home from Grainger Management and begin earning credit as soon as you move in. Every month, you will earn Grainger Rent-to-Own credit worth 25% of your base rental payment. Your credits are redeemable toward the purchase of any Stonefield or Coventry Townhome built by Brian Grainger Construction, Inc.

Terms and Restrictions
bulletEvery Grainger Management tenant may elect to enroll in the program.
bulletEnrollment is free - there are no resident enrollment fees.
bulletNo minimum length of residency is required.
bulletRoommates can earn credits based on their portion of the rent.
bulletCredits transfer with the resident and continue to accrue if you move to any Grainger Management town home community as long as there is no more than 120 days' lapse between lease dates.
bulletCredits cannot be transferred to another individual.
bullet Residents must remain in good standing. Residents must be current with their financial obligations to Grainger Management and must follow the proper procedures for terminating their lease, whether it is at lease end or mid-lease.
bulletCredits can be used in conjunction with other Brian Grainger Construction, Inc. offers.
bulletResidents cannot use the services of a real estate agent or broker or they will be ineligible to participate in the Program.
bulletCertificate of Equity must be given to Brian Grainger Construction, Inc. at the signing the purchase agreement for your new home.
bulletResident stops earning rent credit once a purchase agreement is signed.
bulletOnce the purchase agreement is signed, no additional Grainger Rent-to-Own credits can be added to the purchase.
bulletOnly one certificate may be used per home purchase.
bullet Credits must be used within 120 days from the date that a resident moves out of an Grainger Management community.
bulletIf Grainger Management sells a community, residents living at that community on the date of sale have one year from the closing date to use their credits.
bullet Program start dates vary by market. Program start dates determine when a particular area or property began participating in the Grainger Rent-to-Own program.
bulletThe Grainger Rent-to-Own program may be changed or canceled at any time without notice.
bulletBrian Grainger Construction, Inc.'s, accrual percentages and maximum discount percentages vary by market. Consult your leasing office for information about the program in your area.
bullet

For additional information about Grainger Rent-to-Own program,
call us at (815) 895-8455.

Information is subject to change. Grainger Rent-to-Own is a non-cash program. Credit earned does not represent a savings plan or rebate on rent paid. It represents a credit that can only be applied toward the purchase of a new home built by Brian Grainger Construction, Inc.. Subject to availability.

 

Grainger Management, LLC
417 North Charles St.
Cortland, Ill. 60112

(815) 895-8455

 

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