In the last 12 months, Citizens Advice helped people with more than 13,000 rent-to-own
issues where people were struggling to make repayments for essential goods like fridges and washing machines.
I distinctly remember my friends buying properties in Dubai during that period and this new rent-to-own
scheme was a key point of discussion in several conference rooms.
Target: 14 rent-to-own
stores located in Alberta and Ontario
schemes were quite popular during the early 2000s when Dubai was carving a niche for itself in the property marketplace.
schemes allow buyers to evaluate the opportunity at hand without having to make an immediate commitment.
The servicer must be able to work with multiple, unique and perhaps new third parties to manage a rent-to-own
borrower and must also have the ability to build a custom borrower and delinquency management program.
largest developer, Aldar properties, is also introducing a rent-to-own
option in an attempt to motivate sales of new homes at Raha Beach.
Summary: With a second property developer offering Rent-to-Own
schemes, Kipp is wondering if the trend is finally catching on in the UAE?
Paul Middleton, executive director, Sales and Marketing, Sorouh, said: 'Sorouh's Rent-to-Own
offer is a unique and very exciting initiative, and we are proud to continue to be the first to deliver innovative products to market for our customers.
Developers are already slashing prices and, in the case of the Decora and Northside Piers in Williamsburg, offering rent-to-own
options that, if priced right, could be attractive to first-time buyers otherwise unable to scrape together a down payment.
Academic literature and court decisions are replete with calls to ban or severely inhibit the rent-to-own
Most states have legislation regulating the rent-to-own