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.
A typical part of a lease-to-own agreement is rent credit. A portion of the rent payments are credited to the purchase price. For instance, if the rent payments are $1,000 per month, the rent credit is $200 per month and the length of the lease is 24 months, the rent credit applied to the purchase price would be $4,800.