We're different from rent-to-own in a number of ways.
- First, we give you the benefits of ownership from day 1. You make an initial contribution to your Up&Up Wallet at the time when you would normally make a security deposit. This gives you the right to a share of the rental profits from the home every month, and allows you to benefit from any increases in the home's value. If your rental home goes up in value, so does the value of your Up&Up Wallet!
- Second, you are under no obligation to ever purchase the home. You have the option to transfer your Wallet to another rental in our network or to cash it out at the end of your lease. If you choose to cash out, you will receive 90% of your Wallet's total value.
- Third, with Up&Up, you have the option to purchase the home any time at fair market value. Rent-to-own often requires you to “lock-in” a purchase price at the start of your lease, which is often higher than the value of the home at the end of your lease. We don't think that's fair.