There are multiple ways to increase your equity. Make Full Rent Payments:Upwardly sets aside a portion of every full rent payment as phantom equity credit. Rent Rebate:If rent is paid on time and there is [...]

Every month, Upwardly will provide members with a statement electronically that shows their current phantom equity credit, phantom equity unit, and transactions (contributions).

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 [...]

Option credit, in most rent to own agreements, refers to the portion of the option payment or option fee paid by the member that is set aside for the purchase of the home. Upwardly’s terminology [...]

Phantom equity unit (PEU) is a percentage of the home’s initial purchase price. One PEU is equivalent to one percent of the home’s initial purchase price. PEU is utilized to allocate rent rebate and cash [...]

Phantom equity credit (PEC) is the portion of an option payment and rent that is set aside for the purchase of the home. If the member decides to exercise the option to buy back the [...]