The Luxor Rent2Own Program

• Complete our brief questionnaire on our landing page to start the conversation;
• Schedule a brief telephonic conversation to confirm your understanding of our program and a summary qualification discussion to confirm going forward makes sense for all;
• If you want to reserve a home before its gone, submit a $2,000 deposit and execute a one-page Reservation Form. Said amount if refundable per said agreement while we receive/review your complete application;
• Submit a $75.00 application fee and a complete application for review and discussion;
• Discuss any follow up application clarifications and submit follow up documentation as necessary;
• Online order of background check (cost $30+-);
• Conditional Approval (or denial) subject to updating verifications prior to move in (pay, credit, similar); Rental renewals are subject to Landlord review and approval and will include factors such as quality of resident home maintenance, payment timeliness, changes in income, job, credit, etc. 
• Pre move-in inspection and acceptance of new home;
• Move into your New Home!!

The stability to your family of having a consistent home, school system, and social contacts is a well known significant positive factor to happiness and security. For many people, the purchase of a home will be the largest investment they make. By buying a New Construction home from a reputable builder, in a subdivision with abundant amenities and adjacent high-value single family homes, your likelihood of investment appreciation will be significantly improved. Additionally, when purchasing (subject to interest rates), your mortgage payment will typically be less expensive than renting. You  are better in control of your own destiny and not subject to the whims of a landlord unreasonably raising rent or prematurely asking you to move due to their circumstances.

There is no time limit to extending your Lease without buying. We appreciate that your path to ownership may be interrupted by unforeseen events. Our program is designed to set your future purchase timing to match the optimal time that works for your family.

Bi-weekly rent is rent that is due every two weeks. For some, monthly payments are more difficult as it’s timing is irregular compared to typical payroll income. The benefits of bi-weekly rent can include: Easier matching of payroll income to rent timing supporting more consistent cash flow; Reduction of late payments resulting in better credit and lower fees.

When you make a payment, it is applied in an agreed order per the Lease to Rent, Option Premiums, HOA dues, fees, etc. We will try to send you a receipt noting how your payment was applied so you can keep track of your status.

As you can verify in our attached sample agreements, in return for our reserving a home for your rental and future purchase at an agreed price, your down payments for future purchase (option premiums) are not refundable on the event you decide not to move forward.

Subject to the mutual agreement of an alternative, the Owners have agreed in the past to transfer down payments paid for the purchase of other new construction homes built by its affiliates.

Equal Housing Opportunity Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin;

• We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis;
• Our employees have all read Fair Housing laws and have agreed in writing to comply with same;
• We ask for detailed information regarding all intended future residents for the purpose of documenting our approved tenants. We limit occupancy to said approved parties.  In doing so, we in no way will discriminate;
• If you feel you have been unfairly treated by our business, you are encouraged to directly contact the President and controlling partner, Randy Hall visavi Randy-rent2own@luxorhomes.net.