Rent-To-Own (RTO) is a rental contract that allows you to pay rent for 2-5 years and own the building at the end of the contract. The low upfront cost makes it easy to get started, and the monthly rental payments are kept low to fit your budget. After making the final rental payment, you take ownership of the building.

RTO offers the advantage of having your shed in your backyard at comparable rates per square foot to a traditional storage unit. Plus, you will eventually own your shed, unlike renting a storage unit where you have nothing to show for your payments.

No, Heritage Structure’s Rent to Own program allows you to avoid credit checks typically required for a traditional loan.

RTO is not a loan, so there is no interest rate. It is a rental agreement with the option to purchase. Part of your monthly payments are applied toward the purchase of the building.

Since RTO is a true rental contract, there is no principal to apply extra money to. Any extra money received will be applied to future payments.

No, the purchase option is a one-time, lump sum payment. If money is paid that is not the total purchase amount, it will be applied to future month’s rent.

Yes, there is a grace period of up to ten days after the due date. The payment must be postmarked or paid electronically within that time, or a late fee will be applied.

The contract on the building cannot be re-written or the monthly payment amount lowered. Please call our office to ask about possible alternatives.

If you fail to make your payments, we will come to pick up the building.