Live in your new home now, purchase it later: Rent to Buy

Why wait until you have saved for the down payment? Live in your dream home right away!

Pay rent and gradually accumulate your down payment. Purchase your new home once you are ready, paying the same price we paid.

How Rent to Buy works?

1
Contact us
Fill in the form on our website or contact us by phone, email or direct message on our site.
2
Choose your new home
Choose an apartment or house from all the properties available in the market that meet NUMAI requirements.
3
Property & client qualification
We carry out a professional evaluation of your chosen property. Additionally we perform client qualification during which we check credit history, income and other information.
4
We rent it to you
We buy the home and sign the rental and preliminary home-purchase agreement with you. If the home is unfurnished, we help you to furnish it according to your wishes and we finance the cost.
5
You purchase your home
Move into your new home: rent it from us and pay the down payment in gradual instalments. When you are ready to become a homeowner, buy the property from us for the same price that we paid.

You can choose home based on this criteria

Located in Vilnius & Kaunas
Apartments
Year of construction – any | Within the city area | Price from €50 000
Houses
Year of construction – from 2000 | Within the city boundaries and in Vilnius & Kaunas Districts | In the city centre any year of construction | Price starting €100 000
Important
The building has to be within 20 km from the city centre | The property price up to €700 000 | All properties are considered individually.
General requirements
1
The distance to a school, kindergarten, supermarket and bus stop must not exceed 2 km.
2
The distance to a highway, railway or airport must be at least 1 km. Does not apply in the central area.
3
The property must be of an appropriate residential type. Properties of other non-industrial types are not considered.
4
The property must have a separate and unique number and address.

Terms and Conditions of the Service

Lease term: from 2 to 5 years. You can choose the minimum lease term of 2, 3, 4 or 5 years. After the minimum rental period has passed, you can terminate the contract at your convenience and buy the apartment from NUMAI, without any additional fees.
The following fees apply at the start of the contract:
  • 1
    Contract fee – to cover the costs of the legal and other advice, the agreement arrangement and other onboarding costs. It is 0,7 – 1 % of the property’s sale price.
  • 2
    Advance payment the initial part of the down payment; afterwards, the down payment will be accumulated on a monthly basis. The amount is 2,5 – 15% of the property’s sale price.
The terms and conditions can be revised on a case-by-case basis, taking into account the client’s financial situation or property. All the rental terms and conditions will be discussed individually and established in the Property Rental Agreement and the Preliminary Sale and Purchase Agreement for the Property. Fill out the contact form and we will send you a personal offer.

F.A.Q.

  • How much does NUMAI service cost?

    Fill out the contact form and we will send you personal offer, based on your specific needs!

  • What type of property can I choose?

    You can choose any apartment, individual house or semi-detached house available in the property market that meets our requirements. The general requirement for all properties is that their price must be at least €50,000 but does not exceed €700,000. Pricier properties will be evaluated individually.  

  • Where can I search for a new home?

    You can search for properties on any ad portals and on the websites of new development projects. Your chosen home must meet our requirements.

  • Can the property be only partially furnished?

    Yes, NUMAI will help you with all the furnishing and decoration work, which will be carried out by our contractors. All furnishing/decoration will be done according to your wishes. The cost of furnishing will be added to the property price. Rent and accumulation will be recalculated accordingly.

  • How much can I save with NUMAI for the purchase of a home?
    With NUMAI, the maximum amount you can save is 15% of the property price. Once the customer accumulates this amount, the accumulation payments are stopped and only rent payments are paid
  • Can I pay the advance payment with borrowed funds?

    No. The advance and monthly accumulation payments must be paid from the customers’ own funds. Customers cannot borrow money for these payments.

  • What risks should I consider before using NUMAI services?

    Before using NUMAI Rent to Buy service, carefully assess the associated risks.

     

    1. By entering into a Rent to Buy agreement, you assume obligations, the failure of which may result in NUMAI:

    – charging you late interest and debt administration fee;

    – pausing the furnishing process;

    – terminating the lease and the preliminary purchase and sale agreement if the violations are substantial.

     

    2. Part of the rent is linked to EURIBOR interest base. Because of this, your rent may increase. Therefore, before signing the contract, you must assess whether you will be able to fulfill your monthly obligation if EURIBOR rises.

     

    3. Home prices may adjust and at the time of redemption, the value of your home may be lower than the home price agreed upon in the preliminary purchase and sale agreement. NUMAI is not responsible for housing price changes and this risk taken by you.

  • Why are there requirements for properties?

    We want you to live in a truly high-quality home that is also a liquid asset. Therefore, we have indicated some requirements that will help you select exactly such property.

  • How do I know if I am eligible to be your client?
    We analyse every situation individually, and try to find best solutions for every client.
    If you wish to start with client qualification, fill out the contact form and our representative will gladly share the NUMAI client application with you. We will evaluate the information provided in 1 business day and will confirm whether we can provide Rent2Buy service to you. 
  • How much do I have to pay in advance?
    Upon entering into the Property Rental Agreement and the Preliminary Sale and Purchase Agreement for the Property, a one-time payments of the contract fee, advance payment and rental deposit will be applied – you can find more about these here.
    Find out the preliminary amount that you would pay for your desired property by entering the property price and its furnishing cost into our calculator.
  • How can I acquire my home after the end of the rental agreement?

    You will be able to acquire the apartment or individual house under the typical terms and conditions – using your accumulated personal funds or with a mortgage loan from a bank. We will sell the home to you for the same price that we paid.

     

    The minimum rental period after which you can acquire your home is 1 year.

  • Will I be able to move in immediately?

    Yes, you will be able to move into the property after signing the Rental and the Preliminary Sale and Purchase Agreement, and after we have purchased your chosen home. If the home is not furnished, we will offer the services of our partners who will help you to furnish your home according to your needs and wishes. You will then be able to move in as soon as the furnishing is complete.

  • Does the ad have to mention the Rent to Buy service?
    No, this is not necessary. You don’t have to inform the seller of the property about the Rent to Buy type of acquisition, because NUMAI will buy the property from the seller in a standard way.
  • Do you cover the cost of an interior designer?

    Yes, we can cover the interior design services. If you have chosen a home with only partial furnishing, it is mandatory for the technical designs to be drawn up by an interior designer.