R 10 000 Per Month | 2 Bedroom Apartment / Flat to Rent in Ferndale
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Rent2buy for 5 years - Improve your score while you rent & then apply for a home loan
Rent2buy this newly constructed apartment for 5 years and then apply for a home loan.
Now is the time to get your foot in the door!
The unit size is 76 m2 plus an enclosed patio of 8m2, in total 80m2.
Occupation will be as from 1 Feb 2024.
A few minor credit score problems but can afford to pay the rent?
Let our R2B Team analyse your situation and guide you how to improve your score while you are renting.
Paying rent and have nothing to show at the end of your lease?
Stop paying rent over to your landlord with nothing to show at the end of the rental term - secure your own apartment now with the unique R2B Deposit Builder.
You rent for 5 years and a portion of your rent is applied towards a deposit saver.
BALLOON PAYMENT AT THE END
At the end of the 5 year term, your deposit saver is deducted from the purchase price and you can apply for a home loan then and take transfer.
PURCHASE PRICE FREEZE APPLIES
Your purchase price is fixed for 5 years - and the price actually goes down each year as your deposit saver builds up to reduce your balloon payment.
RENTAL
As in any lease, your rental escalates with 10 % each year.
RENTAL PER MONTH
The rental for a first floor unit of 80m2 is R10 000.00 per month and for the ground floor R11 000.00 per month.
LEVIES & RATES & TAXES
The R2B buyer will also pay levies as an owner and rates and taxes of +/- R2 264.00.
DEPOSIT -
One month rental deposit required on signature of the lease.
R2 000.00 deposit to secure & reserve the unit for you while your application is processed.
R1 200.00 is refunded if you are not successful and a R800.00 rental administration fee deducted.
Why wait ?
Contact your Rent2buy Sales Consultant now!
ONLINE QUICK CHECK
Complete a free quick online registration and then get the result.
Once we have the outcome, you will be requested to complete the formal application.
Once approved, you can pay your deposit and reserve your unit!
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