The phrase identifies a particular kind of actual property transaction involving accomplished cabin constructions in proximity to the consumer’s location. This association permits people to occupy a totally constructed cabin whereas concurrently making funds that contribute in the direction of eventual possession. The monetary settlement usually features a lease interval with an choice to buy the property at a predetermined worth. For instance, a potential purchaser may search on-line utilizing location-based phrases to seek out such properties inside an outlined geographical space.
Such preparations can supply a pathway to homeownership for people who might not qualify for conventional mortgage financing or preferring to check out a property and way of life earlier than making a full buy. Traditionally, these agreements have offered housing choices in rural and leisure areas, facilitating entry to property possession for a broader vary of potential patrons. The construction can profit each events by offering quick occupancy for the client and a gradual revenue stream for the vendor, probably resulting in a profitable sale.
