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Who is responsible for maintenance during the program?

The customer (tenant) is responsible for typical day-to-day maintenance—just like a homeowner. However, Heather Properties remains available for support if major issues arise or if you need guidance on handling repairs. We’re here to help ensure the home remains safe and livable.

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Who owns the house during the program?

Heather Properties owns the home until you exercise your purchase option. You live in the home as if it’s your own—making decisions about maintenance, improvements, and even subletting (with conditions)—but we hold the title until you're ready to buy.

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How much is the down payment?

Most customers contribute between 7% and 20% of the home’s purchase price over time. This contribution may come through a combination of upfront funds and equity earned through monthly payments.

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Do I earn equity while making monthly payments?

Yes! With every payment you make, you're not just paying rent—you’re earning equity toward your future purchase. A portion of each payment goes toward your eventual down payment, helping you build wealth and move closer to full ownership.

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What makes this program different from other rent-to-own or CFD options?

Unlike many other programs, your purchase price is fixed from the beginning—you benefit from any market appreciation. This means that if the home's value increases while you're in the program, that equity belongs to you, not the investor or landlord. You lock in the price and gain the upside when you purchase.

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How does this help me get a mortgage later?

Each payment you make helps you move closer to the required down payment and build a stronger application for a mortgage. Along the way, we help you prepare with credit coaching, savings planning, and connections to mortgage professionals. The program is designed to help you qualify over time without the pressure of a traditional loan timeline.

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Can I move out early or walk away?

We understand life happens. If something changes, we’ll work with you to understand your options. In many cases, you may be eligible to recover a portion of your earned equity, depending on how far along you are in the program.  The costs depend on the contract and market, typically 6% if you choose to not purchase.  This can vary overtime depending on the contracts so be sure to ask and check.

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Do I receive a CRP (Certificate of Rent Paid) for tax purposes?

Yes. Even though you're on a pathway to ownership, Heather Properties does issue a CRP each year so that you may qualify for Minnesota’s renter's property tax refund if eligible.