We like to stay on top of what's happening in the "shed world" around us. Although we are a Minnesota made and owned company, we know that there are misconceptions and concerns surrounding programs like rent-to-own. We also know those concerns are valid because of the practices followed by some Portable Building companies. So, lets clear things up...
Rent-to-Own is defined as a sales contract that enables a buyer to rent the product they wish to buy until it is paid in full, at which time the buyer takes ownership. So, what does that mean for you as a Minnesota resident? The Minnesota Supreme Court ruled that Rent-to-Own agreements are also a credit sale and limited to an interest rate of 8%. Yes, you read that right...8%. It's up to you, the consumer, to only work with companies that are transparent, fair, and honest. You deserve to know:
Grandview Buildings is aiming to break the stigma around Rent-to-Own. We've got nothing to hide. In fact, we have verified all of our documents with the Minnesota Attorney General. We meet all the Minnesota requirements set forth for a qualified Rent-to-Own company. We're proud of the work we've done. We're proud to serve the state of Minnesota that we love, because...we are Minnesota. Minnesota Made - Minnesota Owned - Minnesota Nice
2 Comments
7/2/2023 11:34:56 pm
As a beginner in this field, I found your article extremely helpful. I'll definitely be bookmarking it for future reference.
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