Frequently Asked Questions

How much is the down payment?

The standard initial payment is equal to 2 months rent. This is required for delivery and setup of the building. We occasionally run promotional events where the initial payment may be lowered.

Can I pay extra money down on the principal?

Since this is a true rent-to-own and not an installment sale, there is no principal to apply extra money to. However, if your account is up-to-date and you wish to pay extra in any given month, we will hold it in a deposit account to be applied to the discounted early purchase of your building at any time.

When is my first payment due?

Your first rental payment will be due 40-45 days after delivery of the building. Thereafter you will receive a monthly invoice approximately 2-1/2 weeks before each payment is due.

When will I receive my payment book?

You won’t receive a payment book from us. Instead, you’ll receive a monthly invoice so that updated payoff information can always be included.

How can I acquire ownership of the building for the lowest price?

Always make your monthly payment on time and watch the “Discounted Early Payoff” amount on each invoice. When you’re able to pay that amount in a single payment, call us and we’ll process it and issue your building transfer of ownership.

Can I add improvements to the inside or outside of the building?

Contact Portable Building RTO before making any changes to the building. Unauthorized changes may void the warranty.

I would like to pay off my building, but I can’t afford the total payoff. Can I send it in 3 payments?

No. The payoff must be paid in a single payment. Remember, if you pay at least $50 extra in a month, that amount will automatically be held in your deposit account and can then be applied toward the final purchase of the building. Please call our office with your payment if you wish to take advantage of this feature.

What is the interest rate on my payments?

There is no interest rate in a rent-to-own situation. You are simply renting on a month-to-month basis. On a 36-month rental contract, for example, 60% of your net payment is applied toward the purchase of the building.

I was just laid off from my job. Can I refinance and get lower payments?

No. Call our office for other alternatives.

Why doesn’t my payoff go down?

If your account is delinquent, any back rent due will automatically be added to your payoff.