How does the Future HOME BUYER INCENTIVE PLAN work?
This “HOME BUYER INCENTIVE PLAN” is our way of encouraging tenants to pay their rent on time, to fully abide by the lease’s terms and conditions, to leave the property in rent ready condition and to assist them in the purchase of their new home.
Tenant must have leased from Signature Properties for a minimum of 12 months and have fulfilled all the terms & conditions of the lease agreement and left the property in rent ready condition.
Tenant’s rent must be paid on time (on or before the 5th) of each month.
You must register with Signature Properties prior to starting your search for a new home by signing a “Buyer Agency Agreement”.
Tenant must purchase their new home using the services of Signature Properties and/or its Business Partner as your Broker, which will result in a commission being paid to our company at closing. This home could be listed with ANY real estate company in the area, or be a HUD or VA Foreclosure property. The Home Buyer Incentive Plan must be disclosed on the HUD-1 or other official closing document at the time of closing. The Home Buyer Incentive Plan is only available to buyers who successfully close and proceed thru final settlement with Signature Properties and/or our Business Partner acting as their sole and exclusive Buyer’s agent in the purchase of real estate. As a Tenant, you will immediately be credited in your Home Buyer Incentive Plan account with $500 toward the possible purchase of your new home. Each month thereafter for a leased term of 1 year you will earn 5% of your rental amount toward your new home purchase. This Home Buyer Incentive Plan is only offered to assist you in the purchase of your new home, but under no circumstance will the Home Buyer Incentive Plan amount exceed twenty percent (20%) of the Cooperating Broker Commission ("Commission") actually received by Signature Properties or their Business Partner at the close of escrow/settlement for representing the buyer.
This Home Buyer Incentive Plan rebate must be used within 30 days of the conclusion of your lease with Signature Properties.
If any of the terms and conditions of this Home Buyer Incentive Plan as defined above is not completed, then this offer shall become null and void and any funds offered in this HOME BUYER INCENTIVE PLAN shall no longer be available to the tenant.
Signature Properties is not responsible for the reporting or payment of any federal or state taxes for its clients associated with the payment of the rebate.
Tenant(s) hereby understand and agree to the Home Buyer Incentive Plan terms and conditions and defined herein.
Call today for more information on how we can help you purchase your very own home and pay you for doing so!