Pay your first-year rent, pack in and become the owner after few years..
RTO is a deal structured by Growth Stack to transform tenants to house owners within an agreed number of years. People who are currently paying house rent will have nothing to show in the future for the money they have been spending. With RTO, whenever the cumulative sum of all the rental payment is equivalent to the value of the property, the tenant automatically take possession of the house and the land as the new owner. It is an exciting experience. Pay your first-year rent, pack in and become the owner after few years.
Why Growth Stack design the RTO deal structure?
Because the prevailing mortgage option in Nigeria is increasingly becoming too slow and renting has become the default and the only option for working-class Nigerians, we have taken the initiative to improve RTO model and make it simple for everyone to understand and also kick over and remove all the hidden cost associated with RTO model. As an accredditted real estate consulting firm we must help our people that are renters today so they can become house Owners tomorrow. Everyone benefits.
- Part of Growth Stack role is to do due diligence,
- Make sure the property is verified and not under any litigation.
- Make sure the Landlord is the true owner of the house
- Carry out affordability check to make sure the tenant can afford such house and would be able to pay rent without defaulting
- Make sure everyone is protected in the deal