Once you secure your lease with NP Rentals, the equivalent of 15% of your monthly rent gets accrued as an equity credit. Enjoy your rental experience while watching your equity grow! This credit can then be applied towards the purchase of any of our new for sale homes, up to a maximum of 3% of the purchase price.
HOW DOES THE EQUITY PROGRAM WORK?
SOUNDS SIMPLE AND IT IS!
Imagine your rent is $2,000 a month. Each month, $300 would accrue as an equity credit. After 4 years, you would have $14,400 build up in equity! That’s exciting! You’ll be picking out new furniture for your NP Rentals home before you know it. We understand homeownership is a big step, so we’ve designed this program to lend a helping hand. You’ll receive an annual Equity Statement showing your accrued equity, which can be applied towards your home purchase when you’re ready. Plus, your equity can be used for up to 24 months after your tenancy ends.
