When I first read the headline of the promo piece, my first impression was that I thought this a bit odd. Why would Vulcan run a rent to own program at Enso, its upscale South Lake Union condo development, which is over 70% sold? Then I read further.
This unique rent to own program is specifically geared towards Vulcan’s tenants who rent at one of their South Lake Union properties – Alley24, Rolling Street Flats, Borealis or Alcyone.
Renters can accrue a $1500 credit for every six months completed on their lease, up to a maximum of $10,000. The credit would be applied towards closing costs of a condo purchase at Enso. This is pretty good program that Vulcan is offering. They’re rewarding current tenants who are interested in owning their own home for their rental longevity while also encouraging condo sales at Enso.
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