Page 14 - The Panozzo Team - Lease Purchase Program

Lease Information

Security Deposit

The Security Deposit and signed Lease are due within two business

days of going under contract on the home. Failure to do so will
result in the termination of the contract and disqualify you from the
Program. Security Deposit amounts vary by state.

Rent Certainty

Our Program is a unique version of a standard rental lease. We lock-in
monthly rent each year through your Lease expiration date, or until
you exercise your Right to Purchase.

Year Rent Each year, monthly rent increases by
no more than 3.75% over the previous
1 $1,400 year’s monthly rent.

2 $1,450
For example, if the monthly rent for
3 $1,500 Year 1 is $1,400, the increase for the

4 (n/a in TX) $1,560 next year is $50 per month (i.e., $1,400
x 1.0375). Rent will round down to
5 (n/a in TX) $1,620 the nearest $10.

Lease Terms

Every Lease is a one-year term that automatically renews each year.
However, if you decide not to renew, there are no penalties.

You must give Pathlight a 60-day notice prior to your Lease term end
date. Your Security Deposit is returned in accordance with Lease
terms.

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