Miami Condos, Miami Beach Real Estate

Lease-to-Own Miami Condo Deals are Attracting Buyers

Miami condo developers are using lease-to-own options to attract renters and fill unsold units. Would-be buyers are responding because condo loans are hard to get.

Believing that paying rent is as good as throwing money away, most renters never see the sense of leasing a place to live. But with Miami condo prices still in a downspiral it doesn't make much sense to buy right now, either. The Miami condo crash that has developers neck deep in unsold units is actually letting people have it both ways.

With some of the region's most luxurious projects filled with empty units, developers are increasingly using lease-to-own programs as a way of attracting wary buyers and eager renters. Some are offering terms unheard of in normal markets.