How much does a lease option typically cost upfront?

The option fee is commonly 2% to 5% of the agreed purchase price, paid at signing. It is usually non-refundable if you walk away, but credited to the price if you buy. Monthly rent is often set above market, with the extra portion credited toward your down payment.

How long does a lease-to-own term usually last?

Most run one to three years. Shorter terms suit buyers who only need to finish a mortgage approval. Longer terms give more time to rebuild credit or save, but lock you into a price that the market may pass.

What happens if I can't get a mortgage by the end of the term?

With a lease option, you can usually walk away, but you typically lose the option fee and any rent credits. With a binding lease-to-own contract, you may be obliged to close or face legal action. Ask a lawyer which one you are signing.

How do I judge whether a provider is good?

Look for plain written terms, a stated price or formula, clear credit amounts, and a clear refund policy. Be wary of pressure to sign fast, vague wording, or refusal to let a lawyer review the contract.

Lease Option & Lease-to-Own in Newmarket

Learn how lease options and lease-to-own homes work in Newmarket, what to check in an agreement, and how we score the 6 providers listed.

How lease options and lease-to-own work in Newmarket

A lease option lets you rent a home for a set term, usually one to three years, with the right (but not the obligation) to buy it at an agreed price. A lease-to-own deal can go further and commit you to buy. You typically pay an upfront option fee, and part of each month's rent may be credited toward your down payment. The time gives you room to repair credit, save, and line up a mortgage.

What to look for

A purchase price fixed in writing, or a clear formula for setting it.
Exactly how much of the option fee and monthly rent is credited at closing.
What happens to your money if you can't or choose not to buy.
Who handles repairs and property taxes during the term.
A real estate lawyer reviewing the agreement before you sign.

How our scoring helps

We compare the 6 providers listed here on the same criteria, so you can see which ones are open about terms and fees. Our ranked guide to rent to own home providers in Newmarket puts them in order. For how we score and weigh each factor, read our methodology.

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All lease option & lease-to-own in Newmarket, ranked by score and relevance

6 businesses, scored on recent reviews. The order weighs each business's overall score by how much of its reviewed work is lease option & lease-to-own, so a lower-scored specialist can rank above a higher-scored generalist.

The Polsinello Real Estate Team

5.0(1222)✓ Google-verified

Across 1222 Google reviews, the team averages 5 stars, and the last 19 reviews are all four or five stars. Reviewers often describe agents who reply fast, explain each step, and let clients decide without pressure. Many praise the team's market knowledge and attention to showings and schedules. Recent reviews cover buying, selling, and renting out property in the Newmarket area and beyond. Several name individual agents, including Jodi McGuirk, Conor, Brandon Polsinello, and Dan Mladjenovic. Some mention staging help, weekly email updates, and drone photos. The business says it covers York Region and Toronto.

Rent-to-Own Home ProgramsLease Option & Lease-to-OwnRent-to-Own New Builds & Condos

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HL Real Estate

5.0(116)✓ Google-verifiedPublishes prices

Reviewers consistently describe agents who reply quickly and stay patient through long searches. Many say the team kept them informed from first meeting to closing. Several praise clear advice and a calm, organized approach that made stressful moves easier to handle. Recent reviews name two agents, Natanel and Mariano Lowy. Clients mention home purchases, condo searches, sales, and rentals in Toronto and Newmarket. Some mention help from abroad and continued support after moving in.

Rent-to-Own Home ProgramsLease Option & Lease-to-OwnRent-to-Own New Builds & Condos

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Delia Wang Real Estate Broker

4.9(47)✓ Google-verified

Reviewers describe Delia Wang as professional, responsive, and patient, especially with first-time renters. Many say she explains each contract clause and keeps the process calm. Recent reviews are all four or five stars, with no repeated complaints.

Rent-to-Own Home ProgramsLease Option & Lease-to-OwnRent-to-Own New Builds & Condos

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70 low data

All About Condos

5.0(7)✓ Google-verified

Seven Google reviews, all five stars, describe a real estate agent who is patient and explains each step. Reviewers mention responsiveness and market knowledge. Evidence is limited. The reviews focus on property sales and purchases.

Rent-to-Own Home ProgramsLease Option & Lease-to-OwnRent-to-Own New Builds & Condos

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60 low data

MiiCassa | Rent To Own Homes

5.0(6)✓ Google-verified

Six Google reviews, all five stars and all from about three years ago. Reviewers describe staff who explained the program and its steps clearly. Evidence is limited, so treat this as a small sample.

Rent-to-Own Home ProgramsLease Option & Lease-to-OwnMortgage & Credit Rebuilding Support

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Get matched with lease option & lease-to-own in Newmarket

Tell us what you need and we will connect you with suitable matches at no cost and with no obligation.

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easyhome Lease-to-Own

4.0(63)✓ Google-verified

Recent reviewers praise the friendly team and the quick help with questions. Several long-time customers say staff worked with them on payments. Older reviews raise concerns about a sales associate, a faulty washer, and a total cost that felt high.

Lease Option & Lease-to-OwnRent-to-Own Home Programs

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Quote and contact requests you submit through our own forms may be passed to one or more partner providers who can carry out the work, and we may receive a fee for those referrals. Rankings and scores are not influenced by referral fees; they follow our independent, published scoring method.

Common questions about lease option & lease-to-own

How much does a lease option typically cost upfront?: The option fee is commonly 2% to 5% of the agreed purchase price, paid at signing. It is usually non-refundable if you walk away, but credited to the price if you buy. Monthly rent is often set above market, with the extra portion credited toward your down payment.
How long does a lease-to-own term usually last?: Most run one to three years. Shorter terms suit buyers who only need to finish a mortgage approval. Longer terms give more time to rebuild credit or save, but lock you into a price that the market may pass.
What happens if I can't get a mortgage by the end of the term?: With a lease option, you can usually walk away, but you typically lose the option fee and any rent credits. With a binding lease-to-own contract, you may be obliged to close or face legal action. Ask a lawyer which one you are signing.
How do I judge whether a provider is good?: Look for plain written terms, a stated price or formula, clear credit amounts, and a clear refund policy. Be wary of pressure to sign fast, vague wording, or refusal to let a lawyer review the contract.

Lease Option & Lease-to-Own in Newmarket

How lease options and lease-to-own work in Newmarket

What to look for

How our scoring helps

All lease option & lease-to-own in Newmarket, ranked by score and relevance

The Polsinello Real Estate Team

HL Real Estate

Delia Wang Real Estate Broker

All About Condos

MiiCassa | Rent To Own Homes

easyhome Lease-to-Own

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Common questions about lease option & lease-to-own