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BD 0 to BD 1,500,000

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Payment Plans



Pay 450 BD and Own Your Apartment

WhatsApp Image 2022-07-25 at 6.31.26 PM

         

LTO (Lease to Own) apartment, payment modes and procedure is as follows.

Rental payment of BD 450 / BD 900 every month for 36          months (3 years) and upon finishing of 3 years of lease/ rent, tenant has to decide whether they will pay the rest of whole  amount of property through bank loan or payment in full cash.

 

We offer Lease-To-Own offer for our brand new luxury apartments in Era View, which is located in Hoora. Rent-to-own plans are available for BD 450 and BD 900 down payment schemes.

Lease to own apartment, payment modes and procedure as follows .Lease to own payment of BD 450 every month in 3 years and upon finishing of 3 years of lease payment, you have to decide whether you will pay the remaining of total amount of property through bank loan or payment in full cash. The rental payment of Bhd 450 that you paid in 3 years will be deducted to the total value of apartment after the lease to own period of 3 years

The payment  which you are paying will be considered and serves as a  down payment in purchasing the apartment if you choose to pay the remaining total amount through bank loan after 3 years, and will deducted to the full amount of the apartment either you will pay the remaining in full cash or bank loan

 
  

FAQ

End Users FAQ

FAQ - 3 year plan

  • If you looking forward to own a home or an apartment but do not qualify for a mortgage loan
  • Or if you are not yet ready to commit to a permanent home or apartment,
  • And prefer to rent with an option to buy at the end of the lease term.

For the 3 year plan, you can pay the full amount of the apartment right after completing the first 3 years.

For the 3 year plan, you are required to pay the rental amount as a minimum. However, you may make payments in excess of that amount, and such additional payment will be considered as an advance payment on the final purchase price.

For 3 year plan, you are ONLY required to pay your monthly rental. All charges and maintenance expenses are paid by the developer.

For the 3 year plan, if in any case you want to cancel the agreement before the end of the first three years, you may need to pay the whole rent for the term.

FAQ - 8 Year Plan

  • If you looking forward to own a home or an apartment but do not qualify for a mortgage loan
  • Or if you are not yet ready to commit to a permanent home or apartment,
  • And prefer to rent with an option to buy at the end of the lease term.

For the 8 year plan, you will require to pay the building charges and annual maintenance charges annually, added on top of your rent.

For the 8 year plan, you may live in the apartment or lease it to a tenant of your choice. However, the buy-back price at the end of the 8 years will be calculated as your purchase price less the cost of repair of any damages to the apartment, excluding normal wear and tear. You will also be required to pay the building and ERA view service charges during the 5-year period.

For 8 year plan, you will be responsible for any damages, excluding normal wear and tear, to the structure, finishing, furniture, fixtures and appliances.

For the 8 year plan, you need to notify the developer at the beginning of the 7thyear of the investment term of your intention to sell back the apartment and the damages will be calculated at the term of your intention.

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