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Manoj Atri Sales Representative
RE/MAX Hallmark Realty Ltd., Brokerage Independently owned and operated
685 SHEPPARD AVENUE EAST Unit: 401
Toronto, ON   M2K 1B6

Office: [416] 494-7653Mobile: [416] 275-2089

10 Most Common Rent To Own Homes Scams

Rent to Own Program is an easy way for you to do a Lease Option to purchase but it is filled in the market with scams, deception, risk and trickery. Let me point out the 10 most common Rent To Buy Homes Toronto GTA scams. 

What are the 10 Most Common Rent To Buy House Scams?

1. Title Scam: Scammers may be Selling You a Property which they are Not on the Title!

2. Personal Info Scam: Never Wire Money. Scammers may seek Your Personal Info {SIN #, Credit Card Info etc} for misusing it later!

3. Listing Scam: Scammers may copy someone’s full Listing and may offer You at a very Low attractive Price!

4. Rental Scam: Scammers may pick up a Short Term Rental Property and Show You as their own!

5. Lease Scam: Scammers will try to get you to agree to Leasing the Property Without signing any  Rental Application or Lease Documents!

6. Deposit Scam: Scammers will tell You that the Property is in high demand, Immediately pay a deposit in order to Reserve it!

7. Background Check Scam: Scammers will ask for exorbitant amount of funds to  Do Your Background Check for Preparing requisite paper works!

8. Contract Scam:  Scammers may have very stiff Contract Penalties if the Tenant / Buyer Defaults or misses a Payment!

9. Property Scam: Scammers may not shed any Light on potential Property Issues and Health Hazards with the House!

10. Greed Scam:  Scammer Landlord / Seller may not Close the deal due to Greed if the Property Value appreciates tremendously!

 

Request More Info: Rent to Own FREE Homes Listings Greater Toronto Area.

Manoj Atri Sales Representative
RE/MAX Hallmark Realty Ltd., Brokerage Independently owned and operated
685 SHEPPARD AVENUE EAST Unit: 401
Toronto, ON   M2K 1B6

Office: [416] 494-7653Mobile: [416] 275-2089

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 8/23/2019 8:36:26 AM