Frequently Asked Questions
No. Our lease-based no-interest equity purchase model is very different. It is an actual partnership (mushaarakah), where you have a unencumbered equity share from the start. You then pay rent, at a rate based on comparable market rent for that home, pro-rated for only the portion you do not yet own, in addition to a mutually agreed timetable of interest-free payments toward the purchase of the equity of the home.
Yes we can. We do not offer home mortgage loans, nor are we a housing cooperative, both of these types of entities have state-specific registration requirements and consequently are not always available in all jurisdictions. We are a private equity real-estate partner and property leasing company, able to business anywhere in the United States of America.
Major expenses, repairs, taxes and other items normally paid by a landlord, are shared by you and us – based on respective ownership shares at the time. Minor maintenance which would be considered normal for a rental tenant, such as cleaning gutters or changing HVAC air filters, would be paid by you as the occupant.
As partners and joint owners, when proper sale notification has been given to us, we will work together with you to sell the property. As normal for a true partnership, if there is any increase or decrease in equity value, the profit or loss will be shared by both parties, in addition to any fees or expenses chargeable to the transaction.