Prepare for a Storm Surge. A storm surge is water that is pushed onto shore by a hurricane. It is rarely a wall of water as often claimed, but rather a rise of water that can be as rapid as several feet in just a few minutes. The storm surge moves with the forward speed of the hurricane â typically 10-15 mph.
Rent to Own Homes: Definition A rent-to-own strategy, also known as a âlease optionâ or âlease purchaseâ involves leasing out a home to tenants with a legal agreement allowing the tenants the exclusive right to buy the home within a certain time period.
Rent-to-Own or Lease-to-Own (also called a Lease Purchase): 1  Buyer pays the Seller a deposit or âoptionâ money to purchase the property. This option money may be substantial. A typical amount might be $5,000-$25,000.  Buyer and Seller agree on a purchase price, often at or a bit higher than market value.