A real estate firm, Mixta Africa, has offered Lagosians a ‘Rent to Own Scheme’ housing scheme.
Chief Commercial Officer of Mixta Africa, Mrs. Rolake Akinkugbe-Filani, said the scheme was to ease the financial stress of home buying for potential customers.
She said willing customers would be required to lease the homes for a maximum three-year period, after a five per cent non-refundable equity contribution from the total property price.
“The client pays an annual rent which is added to the 5 per cent contribution, and the total price of the property to be paid at the end of the lease period. After the lease period expires, clients retain the right to make complete payment in addition to the initially contributed sum, to take full ownership of the property. Property title documents are only handed over to the client after full payment,” she said.
Mixta Africa’s Chief Financial Officer, Mr. Benson Ajayi, said: “It is believed that the simplicity of the scheme and its competitive entry point will lead to its rapid adoption and overall success.”
Ajayi pointed out that the comfort and favorable investment interests of its customers are at the core of its business initiatives.
“Your well-being is our best possible form of marketing, your wins and successes guarantee ours, and we will continue to strive for and look forward to wonderful partnerships,” he said.