Rent-To-Own For Your Backyard Storage Needs
Rent-To-Own For Your Backyard Storage Needs
Organize Your Life with Backyard Storage Solutions
MyShedRental offers a convenient rent-to-own program for storage solutions that fit various budgets. Contact us today for the location of your nearest dealer and see how simple it is to get the storage you need, with all the available options to make it unique.
What is Rent-to-Own?
Rent-to-own is a legal contract under which a portable structure is leased in exchange for a monthly payment, with the option to purchase at any point during the lease. Alternatively, at any point during the lease, you can return the structure with no obligation to purchase or keep renting.
Would you like to organize your backyard? Is your attic overflowing? Is it time to get your yard or garden equipment out of the weather? Consider our flexible Rent-to-Own program to help declutter your life. Follow these easy steps to get started:
Find the nearest dealer and choose the structure’s size, style, and colors.
Sign the rental agreement and make the initial payment with the dealer.
The unit will be delivered and set up at your location.
Pay regular monthly payments to rent our structure as long as you need it.
After you complete all monthly payments for the selected term, the structure is yours! You can also take advantage of the discounted early purchase option at anytime.
Rent-to-own Details
Rent-to-own Details
Rent-to-Own Details
Since this is a true rental program, you do not need a credit check to sign up and are not obligated to keep the structure. You can return the item anytime, for any reason, with no penalty.
Frequently Asked Questions
Q. How much is the down payment?
A. An initial payment, equal to two months' rent, is required for delivery and setup of the structure. The payment usually includes the first month’s rent and a security deposit.
Q. Can I pay extra money down on the principal?
A. Since this is a true rent-to-own and not an installment sale, there is no principal to which extra money can be applied. However, if your account is up-to-date and you wish to pay extra in any given month, we will hold it in a deposit account to be applied to the discounted early purchase of the structure at any time.
Q. When is my first payment due?
A. Your first rental payment will be due 30 days after delivery. You will receive a monthly invoice approximately 2-1/2 weeks before each payment is due.
Q. When will I receive my payment book?
A. You won't receive a payment book from us. Instead, you'll receive a monthly invoice so that updated early purchase information can always be included.
Q. How can I acquire ownership of the building for the lowest price?
A. Always make your monthly payment on time and pay attention to each invoice's "Early Purchase Option" amount. When you can pay that amount in a single payment, call us, and we'll process it and issue a transfer of ownership.
Q. Can I add improvements to the inside or outside of the building?
A. Contact MyShedRental before making any changes to the building. Unauthorized changes may void the warranty.
Q. I would like to pay off my building, but I can’t afford the total payoff. Can I send it in 3 payments?
A. No. The early purchase must be paid in a single payment. Remember, if you pay at least $50 extra in a month, that amount will automatically be held in your deposit account and can then be applied toward the final purchase of the structure. Please call our office with your payment if you wish to use this feature.
Q. What is the interest rate on my payments?
A. There is no interest rate in a rent-to-own agreement. You are simply renting on a month-to-month basis.
Q. I was just laid off from my job. Can I refinance and get lower payments?
A. No. Call our office for other alternatives.
Q. Why doesn’t my payoff go down?
A. If your account is delinquent, any back rent due will automatically be added to your purchase amount.