Experience The Lifestyle

The team at Coverley is excited to introduce a new program to make it possible for you to experience and live the lifestyle here at The Villages! We now offer:

Rent-to-Own (RTO)

Do you have a portion of the required deposit to own your home, but you want to experience the Coverley Lifestyle right away? Then the Rent-To-Own (RTO) program may be right for you.

 

  • The Rent-to-Own 2 year program offers potential persons, who are almost financially ready to purchase, the opportunity to move into a home at The Villages immediately.  The program is for Barbadian residents only who will occupy the home.
  • At the end of this program you will have accumulated adequate funds to assist with the legal fees and deposit required by most Financial Institutions in order to transition to a mortgage.
  • Clients will be required, upon qualifying and accepting the terms and conditions of this offer, to pay the option deposit in addition to the first and last months’ rent on the signing of the lease agreement. Commencement dates of lease will be the 1st or 15th of each month.   Monthly rent payments are to be made on the 1st of each month.
  • 50% of the rent (the contribution) will be applied towards the cost of the purchase price of the home. The option deposit will be added to the 50% rent accumulated towards the final price when you proceed to purchase.  In the event that you are unable to proceed with the purchase, all proceeds will be non-refundable.
  • Appliances are not provided on this program, however, our appliance package can be purchased separately as a one off cash payment.
  • The Sugar Cane and Casuarina style homes are available under this program with rents of $1,800.00 per month and $2,250.00 per month respectively.
  • Our Business Manager will meet with you periodically to ensure that you are on track with your savings goals to complete the purchase of the home at the end of the rental period.

What you will need:

  • A job letter and copy of your last 2 payslips.
  • A copy of valid photo identification.
  • A meeting with our Business Manager to assess if the program is right for you.

*Qualification for the Rent-To-Own program is subject to our normal financial review criteria.

 

Special conditions apply

 

Please call (246) 627-4229 to speak with our Home Consultants for further details on this program.  We look forward to welcoming you to The Villages at Coverley , YOUR NEW PLACE TO CALL HOME!