What does "rent to own option replete with developer’s incentives" mean?

I've seen this in ads for condos for rent.

What does "rent to own option replete with developer’s incentives" mean?
It means the developer is going bankrupt and you should run like the wind.





Condo's generally are not a good investment. They are difficult to finance and horrible to live in if you like your privacy.





Good luck.
Reply:That interested parties will have the potential to rent to own, with additional abundant incentives offered by the developer (builder/owner) of the property/complex.
Reply:Rent to own option means that a portion or all of your rent payment goes toward the purchase price of the condo and replete with developers incentices means there are many upgrades or offers to motivate you. Replete is a fancy word for abundance. Condo's are not a good investment however because they don't gain equity like a regular home, they don't offer much privacy because they are like an apartment.
Reply:take the advice of run like the wind. When the builder files for bankruptcy your out all the money you put down and any payments. Most all the builders are doing these type of deals for "float cash" to keep alive.
Reply:Builder/developer is offering incentives.





They could be free upgrades, matching deposit funds, price reductions, buyer bonuses, paying a portion of your closing costs, first month's rent free, etc.





Do yourself a favor %26amp; Google the development company %26amp; make sure they are not going BK. Look up their website as some build under different names. Also check the BBB for complaints.





Condo conversions were hot in my area, but now with the market as slow as it is, they may be promoting rent to own to get more potential buyers. A renter may be more favorable to having so many units sit empty,