2233 Lilly St #1 · Apartment for Rent

Address: 2233 Lilly St. Lake Charles, LA 70601 We do not accept housing assistance (ex: Section 8) Property Details: - 2 bedroom, 1 bath - Gas range - refrigerator - on site parking ______________________________________________________________________________________ TWO OPTIONS AVAILABLE OPTION 1: TRADITIONAL RENTAL This property is available as a traditional rental under our standard rental terms. Applicants must complete the rental application and meet all established rental qualifications. Monthly rent, security deposit, lease term, pet requirements, and all other conditions will be stated in the residential lease agreement. Rent: $850.00/month | Deposit: $850.00 12 month lease term. Rent amount is $850 per month, due on the 1st of every month, along with any other fees required to pay. Resident responsibilities: - All utilities & lawncare ______________________________________________________________________________________ OPTION 2: LEASE WITH AN OPTION TO PURCHASE Qualified applicants may also be considered for a lease with an option to purchase under the following proposed terms: Purchase Price: $60,000 Option Fee: $6,000 Financing Term: 10-year or 15-year amortization option Permanent Financing Deadline: Buyer must obtain permanent financing and complete the purchase within five years. The $6,000 option fee will be due before occupancy and will be applied toward the $60,000 purchase price if the purchase is completed according to the terms of the written agreement. The option fee is separate from the security deposit and monthly payment and is nonrefundable if the tenant does not complete the purchase, as further provided in the lease-option agreement. During the lease-option period, the tenant-buyer will be responsible for: Monthly payments as established in the written agreement. Property taxes. Required homeowners or property insurance. Obtaining permanent financing within five years. Any maintenance, repair, utility, or other obligations specifically assigned to the tenant-buyer in the written agreement. The payment may be calculated using either a 10-year or 15-year amortization schedule. Any remaining balance must be paid through permanent financing or other approved funds when the purchase is completed, but no later than five years after the lease-option agreement begins. The purchase price, interest rate, monthly payment, amortization schedule, application of the option fee, maintenance obligations, closing costs, default provisions, and all other terms will be fully stated in a separate written lease-option agreement. The tenant-buyer will not own the property or receive title until the purchase is completed through a proper closing. Entering into a lease-option agreement does not guarantee that the tenant-buyer will qualify for a mortgage or other permanent financing. All applicants are subject to the same consistently applied rental screening criteria. Additional income, credit, and financial documentation may be required for the lease-option program. Terms are subject to qualification, verification of information, availability, and execution of all required legal documents. This advertisement is a summary of proposed terms and is not a contract, guarantee of financing, or transfer of ownership. ______________________________________________________________________________________ Contact information: office: (Monday-Friday 9:00am-5:00pm) Application Process: - Rental application and background che..