The phrase identifies a selected sort of actual property transaction involving accomplished cabin constructions in proximity to the consumer’s location. This association permits people to occupy a completely constructed cabin whereas concurrently making funds that contribute in the direction of eventual possession. The monetary settlement sometimes 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 search out such properties inside an outlined geographical space.
Such preparations can supply a pathway to homeownership for people who could 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 supplied housing choices in rural and leisure areas, facilitating entry to property possession for a broader vary of potential consumers. The construction can profit each events by offering speedy occupancy for the customer and a gentle earnings stream for the vendor, doubtlessly resulting in a profitable sale.
