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 home contract combines a home lease or rental with the option to buy the home during the term of the lease contract.The buyer pays regular rent payments during the term of the lease but can buy the home at a predetermined price before the lease contract terminates.unction. A rent to own contract is usually set up with a one-to three-year lease period. The buyer pays an upfront fee and then makes regular rental payments. The upfront fee and a portion of the rental payments go toward a down payment on the purchase of the house.