When you sign on to the rent-to-own contract , you are legally required to meet the terms and conditions of the agreement and you have accepted all policies and regulations , which includes paying the monthly amount on time.

If you are unable to do so, you will be subject to be in default under the terms and conditions of the contract and it may be required to begin legal proceedings to recover and secure our interests in the property. If this happens, you may lose your equitable interest in the property and may also be responsible for any legal costs incurred by us due to the default.Hence,It is important that you understand your responsibilities and obligations prior to signing the contract.