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Buyer Assurance Program 11-02 49TH AVENUE, LIC 718-94-LHAUS (54287) www.LhausLIC.com Lease. Rent-to-Own Save for your future home while living there. Apply up to 6 months of rent to the purchase price. Rent-To-Own offers buyers the opportunity to live in a residence at For example, a one-bedroom, one- L haus and apply a portion of their monthly rent to the purchase of the bathroom home selling for $535,000 residence. Participants can choose to rent any of the homes available will cost a buyer approximately $2,400 for sale at L haus and apply up to six months of market rate rent to the per month to rent. When a buyer is purchase price. This built-in savings plan will accelerate a buyer’s ability ready to purchase the residence, they to purchase the home by allowing them to save on rent payments that will have already saved $14,400 to apply would otherwise be lost and live in their chosen home while deciding towards their purchase. whether or not to purchase. Additionally, this program offers buyers the option to continue to rent for the duration of their lease. This unique flexibility provides potential buyers an additional level of comfort should their plans, finances or employment status change. Example: RESIDENCE 5N 1BR/1BA ONE YEAR LEASE MONTHLY RENT $2,334 PURCHASE PRICE $535,000 APPLIED RENT #1 (100% of FIRST 4 MONTHS RENT) $9,336 APPLIED RENT #2 (50% OF SECOND 4 MONTHS RENT) $4,668 MAXIMUM APPLIED RENT $14,004 BALANCE OF PURCHASE PRICE DUE AT CLOSING $520,996 The purchase agreement must be executed 60 days prior to lease expiration. Price Protection and a 3-2-1 Rate Buy-Down are not available in conjunction with Rent-To-Own. This is not an offering. The complete offering terms are in an offering plan available from Sponsor. File No. CD-08-0191. Sponsor: 11-15 50th Avenue LLC c/o Stern Tannenbaum & Bell LLP 380 Lexington Avenue, New York, NY 10168. The terms regarding Lock In and Rent-To-Own contained herein are disclosed in an amendment to the offering plan, submitted to the New York State Department of Law.
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