Lease by wanghonghx


									Buyer Assurance Program                                           11-02 49TH AVENUE, LIC              718-94-LHAUS (54287)


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.

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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