What is rent credit?
Rent credit, in most rent to own agreements, refers to a portion of the rent payment that is set aside for the purchase of the home. Upwardly’s terminology for rent credit is phantom equity credit (PEC).
Rent credit, in most rent to own agreements, refers to a portion of the rent payment that is set aside for the purchase of the home. Upwardly’s terminology for rent credit is phantom equity credit (PEC).