7079 Sungold Dr, Colorado Springs, CO 80923

We have an amazing rent-to-own opportunity for individuals with a 700 credit score or above. This beautiful 4-bedroom, 3500 square foot home awaits the perfect tenant/buyer who dreams of homeownership. Located in the desirable Colorado Springs area, this property offers comfort, space, and the chance to make it your own! Key Details: Term of Lease Option: 24 months Minimum Purchase Price: $750,000.00 Monthly Lease Payment: $4,800.00 Earnest Money: $18,000.00 (paid to homeowner) Why Choose a Lease Purchase? You can become a homeowner faster than traditional buying methods by opting for a lease purchase. Additionally, you'll be able to occupy the property immediately while working towards qualifying for a loan. It's a win-win situation for motivated individuals looking to own a home! Pets Considered: We understand that pets are part of your family. We may consider allowing pets on a case-by-case basis. There might be a refundable deposit requirement to ensure the property is well-maintained. Don't miss this incredible chance to turn your dreams into reality! Take advantage of this rent-to-own opportunity and secure your future in a beautiful home in Colorado Springs. Act now and start building equity while enjoying the benefits of homeownership. To learn more or schedule a viewing, please get in touch with us. We look forward to hearing from you and helping you on your path to homeownership! Renter's Lease Terms: 1. Lease Duration: The lease term for this rental property is one year, beginning on [insert start date] and ending on [insert end date]. The lease will automatically renew on a month-to-month basis unless terminated by either party with proper notice. 2. Rent and Security Deposit: The monthly rent for this property is $4,700. A security deposit of $4,700 is required at the time of signing the lease. The security deposit will be held to cover any damages or unpaid rent and will be returned within 30 days after the lease termination, less any deductions for damages. 3. Utilities and Fees: The renter is responsible for gas ,electric utilities and water expenses. Additionally, the renter is responsible for any other utility services, such as cable, internet, or trash collection. Any fees associated with late rent payments or returned checks will be outlined in the lease agreement. 4. Smoking Policy: Smoking is strictly prohibited inside the rental property. This includes all enclosed spaces, balconies, and common areas. Smokers must refrain from smoking on the premises altogether. 5. Pet Policy: Small pets weighing up to 20 pounds are permitted with prior approval from the landlord. A separate pet deposit of $500 may be required to cover any potential damages caused by the pet. The renter is responsible for ensuring that the pet is well-behaved and does not create any disturbances or nuisances to neighbors or other residents. 6. Parking Policy: The parking policy for this rental property allows a maximum of two designated parking spaces for tenants. Additionally, one guest parking space is available for visitors. It is important to note that parking permits are not required for residents or guests. However, please be aware that parking spaces are strictly for regular-sized vehicles, and RVs or other industrial equipment are not permitted to be parked on the premises. Please note that any violations of the parking policy may result in towing at the owner's discretion. 7. Maintenance Responsibilities: The renter is responsible for routine maintenance and cleanliness of the rental property, including keeping the premises free from debris, garbage, pests, and maintaining the landscape. This includes tasks such as mowing the lawn, trimming bushes, and watering plants. The landlord will handle major repairs and maintenance, but the renter must promptly report any issues or damages related to the landscaping or outdoor areas of the property. 8. Rental Insurance: The renter is required to obtain and maintain a valid rental insurance policy throughout the duration of the lease term. The policy should provide coverage for personal belongings and liability protection. Proof of rental insurance must be provided to the landlord before occupancy and renewed annually. 9. Termination Clause: Either party may terminate this lease agreement with proper written notice as specified in the lease. In the event of lease termination, the renter must vacate the premises by the agreed-upon termination date and return all keys to the landlord. Please carefully review the lease agreement and ensure that you understand and agree to all terms before signing. If you have any questions or concerns, do not hesitate to contact the landlord or property management for clarification. GUARANTORS / CO-SIGNERS REQUIREMENTS: Income of 5x the amount of Rent, 700+ Credit Score, Must complete an application and pay $50 application fee, 2x Security Deposit