1664_Hagley (1).JPG

Welcome to Toledo Lease Purchase

Toledo Lease Purchase is a local property management company that rents single family houses in the Toledo, Ohio Area.

Check out the AVAILABLE homes in our inventory. We usually have one or two available every month.

Apply Now

Lease to own

Small down payments with our lease/purchase plan 

If you have a minimum of $3,000 and a source of income that gives us confidence you can make your monthly payments – you are well on your way to owning your own home. You could feel good when you make your monthly rent payment instead of feeling like you have thrown your money down the drain.

Once you are in contract we will credit 25% of every monthly payment towards the purchase of your home (payments must be on time). We will do this for up to five years. This allows you to gain equity on your home with every payment. After the five years we will convert the note to a land contract giving you the ability to deduct the interest and real estate taxes on your income tax return.

Lease To Own Financing Available

Banks are not lending money very easily at this time. We will provide financing so you can purchase your home. You may find you can purchase one of our homes for less than the cost of renting a similar home from someone else.

We are willing to rent these homes under the right circumstances, but our primary goal is to help people become homeowners. If you can obtain financing from another source allowing us to receive our equity within 12 months we will sell you the home for $2,500.00 less than the quoted price.

We require a minimum down payment of $3000.00 if you desire to purchase one of our homes. This lets us know you are serious about making a purchase. Your payment may be less than rent on a similar home in the same neighborhood.

We require payments to be made through an automatic transfer from your bank to ours. Several of our customers make their payments weekly instead of paying monthly. It is easy to set this up. The automatic payment save us time and money and eliminates many of the issues landlords find frustrating. Lessees have also told us they find this easier than having to come up with a larger payment once a month.

We offer two options for financing. Both require a down payment far less than the 20% currently require.

  1. You choose to purchase immediately and sign the purchase agreement. We provide the financing through a land contract agreement. You get to deduct the interest portion of your payment.

    You are responsible for making the property tax payments and get to deduct the cost of the property taxes on your income tax return. You are responsible for insurance on the property.

    The cost of property taxes and insurance are incorporated into your payments. We will finance your home for 5 years and then require you to get bank financing.

  2. We also offer an option where you can lease the home for 24 months and earn a credit towards the purchase of the home at any time. After making a $3,000 payment we will credit the $3,000 along with 25% of all on time monthly payments towards the purchase of the home for 24 months. The $3,000 is in addition to the first months rent. After 24 months you will have accumulated several thousand dollars towards the purchase of your home if your desire is to seek conventional financing. We will also continue this arrangement for up to 5 years as long as the payments continue to be paid in a timely manner. If you make a larger payment we will consider reducing the monthly payment and you will still earn a credit every month towards the purchase of your home.