innerLoopCondos investRent Program - Lease Purchase Condominium
Do more than rent, investRent™
For up-and-coming urbanites desiring home ownership sooner rather than later, Group LSR's investRent™ Program offers a unique and smart way to build equity for a down payment on a new condominium home. Now you can start using your rent money for something really advantageous--to earn new home equity. This is a ground floor invitation to own a new home in an ideal location with great design and quality finishes. It’s an unparalleled opportunity to finally make the rent you pay work for you as you build your dream of home ownership.
There are two ways to participate in this program:
1. Contract for a new condominium home at the Piedmont at River Oaks, Serento Condominium, or Chateau Briar Hollow, while leasing the same residence, and receive an "investRent™ Equity Certificate" for 25% of the rent paid, up to $10,000 to be applied towards the down payment on your home. Use the certificate to close on your home at the end of the lease term.
2. Sign a new lease on an apartment home from LSR Houston Inc., a division of Group LSR that owns and manages over 1200 apartment homes in 15 prime Houston locations, and 25% of the monthly rent paid, up to $5,000, can be applied towards the down payment of a new innerLoopCondos.com home available for sale at the time you are ready to buy. Simply present your “investRent™ Equity Certificate” to your innerLoopCondos.com sales consultant.
Enjoy the benefits of this unique opportunity today; click here to start your search for an LSR Houston apartment home and get ready to start saving for your future. Details about innerLoopCondos.com communities can be found within this website.
Terms and Restrictions
* Group LSR reserves the right to stop accepting under the current Terms and Restrictions new investRent Program Participants at any time without notice.
* A limited number of innerLoopCondos.com residences are available for lease in the investRent Program.
* In the case of multiple occupancy of an LSR Management apartment or innerLoopCondos.com community, all lease holders can choose to register on the Program form. In this case, the benefits of the Program will be split equally among all Participants. Each Participant will be entitled to an equity certificate for their share of the benefit with all certificates totaling to the amount of equity accumulated. If a participating lease holder moves out before the term of the lease, he will no longer be enrolled in the program and will forfeit all equity accumulated in the program. Equity is non-transferable.
* No Realtor commissions paid at the time of a condominium purchase.
* Group LSR endeavors to constantly introduce new condominium communities to the Houston market but makes no representations or warranties with respect to the availability or price of condominium units at the time a participant is willing and capable of purchasing a new condominium.
* The investRent Program is subject to condominiums listed for sale by innerLoopCondos.com only.
* Program credits expire 1 year after move-out from an LSR Management or innerLoopCondos.com community.
* Tenants must be in good standing and fulfill the terms of their lease in order to receive the benefits of the investRent Program.
* An agreed-to sales contract between the Buyer and the appropriate innerLoopCondos.com representative must be executed along with a lease agreement when participating in the investRent program at the Piedmont at River Oaks and The Royalton at River Oaks.
* Potential homeowners must qualify for their mortgage loan at the time they wish to purchase.
* Current tenants of LSR Management properties can access the investRent Program on any new lease signed with the company.
* investRent program certificate equity is not redeemable for cash or cash equivalent. It can only be applied as a down payment credit toward the purchase of an innerLoopCondos.com condominium home.
* A valid investRent Program certificate must be presented to innerLoopCondos.com at the time of signing of any InnerLoopCondos.com purchase agreement.
* Effective dates vary.
* investRent applies to all new leases or renewals. It is not retroactive.
* Program is not applicable to persons who reserved an innerLoopCondos.com condominium before July 1, 2004.
