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 rent-to-own agreement can be an excellent option for people who want a home but who donât yet qualify for a mortgage or who arenât quite ready for the commitment of ownership. For example, you might have a bad credit score â one thatâs below 620, the bare minimum some lenders will accept â but the circumstances that depleted that score are behind you and youâve been steadily improving it ever since.