Put Your Dreams Within Reach
Your Dream. Your Home. Your Way.
Securing a lease with Altern Properties presents you with the option to join this program. If you opt in, 15% of your monthly rental payment is placed in your own Altern Properties Equity Program Credit Account. All you need to do after that is continue paying monthly rent in order to watch your money grow. This accumulated portion of monthly rent money will then be put towards the purchase of your new Deveraux Home, to a maximum of 2% of the purchase price of the home, before land and GST costs.
Here's how it works.
Let’s say your rent is $1200 a month. Each month $180 will go into your Altern Properties Equity Program Credit Account. After four years, you will have $8640 saved in that account. You’ll be picking out new furniture for your Deveraux Home before you know it.
We understand that home ownership is a big step so we’ve designed this program to help you reach your dreams. When your tenancy is finished, you will receive an Altern Properties Equity Program Statement showing your accrued savings. Your credit will remain in the account for use up to 12 months after your residency with Altern, which allows you time to design that perfect Deveraux Home.
Recap of the Terms
- 15% of monthly rent goes to the residents' equity to build a new home. This 15% of equity will be given by Altern Properties to Deveraux Homes.
- The equity cannot be more that 2% of the purchase price of the home, pre land and GST.
- The resident has up to 12 months after renting with Altern to redeem this exclusive offer.
- The Altern resident will be introduced to a Deveraux sales agent who specializes in this program.
- This program starts July 1st, 2016 for all existing and new tenants.