Whatever you do, don’t call it a rent-to-own plan! Belgravia prefers to call 565 Quincy‘s new offer an installment sale or simply a “better-than-rent-to-own” program. The difference, says project manager Jonathan McCulloch, is that buyers are signing purchase agreements and making installment payments instead of entering into leases with options to buy.
Jon also passed along a comparison of sale prices and rental rates for 565 Quincy’s lofts and condos. About half of a buyer’s rent will go toward an eventual down-payment.