Rent-to-Own

Housing

A housing arrangement where a buyer occupies a property and pays monthly amounts that go toward eventually owning it, instead of paying rent that builds no equity. Common with condos and subdivision units, it usually involves a reservation, a down payment spread over months, and a later shift to a loan or full payment. Terms vary by developer, including what happens to payments if the buyer backs out, so reading the contract is important. Buyer protections may apply under housing laws. Specific terms are subject to the latest rules/guidelines.

Related terms

Pag-IBIG Housing LoanCondo vs House-and-LotTransfer of TitleAmilyar (Real Property Tax)