Offer your home on a lease-option.
Lease your home to a resident who may want to buy it later, on terms agreed in writing, with ASRE Property Management looking after the home during the lease.
Three steps.
Tell us about the home
Where it is, what kind of home, and what you have in mind.
Talk it through
We go over whether a lease-option fits your home and the rules where it is located.
Set it in writing
The lease and option terms are agreed in writing before anyone signs. ASRE can manage the home during the lease.
What to know first.
You keep ownership
You own the home until a sale closes. The resident leases it and holds an option to buy.
The resident may not buy
Buying is the resident's choice. The agreement says what happens if the option isn't used.
Local rules differ
DC, Maryland and Virginia treat lease-options differently. Each home follows the laws of the jurisdiction it is in.
Same terms for every applicant
Every applicant is offered the same written terms for the home, in line with fair housing laws.
Common questions
Do I still own the home during the lease?
Yes. You own the home until a sale closes. The resident rents it under a lease and holds an option to buy on the written terms.
What if the resident doesn't buy?
That is always possible. The agreement says what happens at the end of the lease if the option is not used.
Who manages the home during the lease?
You can have ASRE Property Management handle leasing, rent, repairs and reporting.
Are the rules the same everywhere?
No. Lease-options are treated differently in DC, Maryland and Virginia. Each home follows the laws of the jurisdiction it is in, and we recommend you get your own legal advice.
Program terms vary by property and jurisdiction; details are provided in writing before you sign. Each home follows the laws of the city or county it is in.