How it works
Your pathway to home ownership
Discover how Temple can help you achieve your dream of owning a home.
Everything you need to know
Will rent be higher than the market rent?
Future Owners will pay market rent. No premium will be added to the rent by Temple.
Do rent payments go towards the purchase of the home?
No, rent payments are for renting the home only. Future Owners have complete freedom on what amount to save monthly towards their home purchase.
Will the purchase price be higher than normal market price?
Future Owners pay the market value as determined by a 3rd Party Certified Valuer.
The minimum price is 90% of the move in value and is determined in the Future Owners contract.
How long can I “test drive” the home before buying it?
The Future Owners’ Option to Buy is perpetual and will only expire when they decide to vacate the home by terminating their Future Owners Agreement.
Is there a minimum time before I can purchase the home?
No, there is no minimum period before a Future Owner can buy their home.
Temple always recommends to “test drive” the property for a few months before buying.
Is there a penalty for not buying?
No, there is no penalty if the Future Owners do not buy the home.
Sounds too good to be true - what's the catch? What’s Temple gaining as a business?
Temple knows that the Future Owners will take better care of the home, thereby reducing the operating costs incurred by Temple as an Investor. Resulting in higher long term security and returns of its investment.
Does it cost anything to qualify?
No, Temple offers a free, convenient application process that comes with no commitment. We make it easy to see if you qualify for our Future Owners program. Apply Now
How is the Temple Future owner Program Different from other Rent to own products?
What documents do I need to qualify?
You will need:
- a government-issued identification card (national ID or passport),
- proof of legal residence or citizenship in Germany,
- and documentation of creditworthiness, possibly including credit histories, bank statements, and proof of income.
When do I qualify to buy the home?
After entering into the Future Owner agreement, the Future Owner can buy the home at any time.
Do I need a down payment to get a home?
Future Owners put down a refundable deposit equal to 2% of the market value of the home to enter the program, a substantially lower amount than a traditional mortgage lender requires.
Is the 2% deposit refundable if I don't buy the home?
yes the deposit is 100% refundable, regardless when the Future Owner moves out.
*Unless in limited circumstances where the Future Owner has damaged the property.
I don't have a 2% deposit to secure the Future Owner agreement, what can I do?
Temple also offers the ability to use our insurance partners where the deposit is paid in monthly payments instead of as a lump sum.
Who owns the property?
Temple owns the title to the property, while the Future Owners retains the right to a purchase agreement.
Where can I find a home through Temple?
We now welcome applications in Berlin, Germany.
Who is responsible for home repairs?
We find that many of our Future Owners take pride in caring for the homes they will one day own. However, when maintenance needs arise, Temple will facilitate necessary repairs at own expense for any leased property. Once a Future Owner becomes the legal property owner, they become responsible for all maintenance needs at the Future Owner’s expense.
What happens if property values increase or decrease during my lease?
The Future Owners purchase the home based on the market value at the time of purchase. If property values have changed significantly during the lease period, this may impact the final purchase price of the property.
What happens if Temple goes out of business?
The rights of the Future Owners remain the same regardless of who is the beneficial owner of the property protecting the Future Owners rights.
Take your first step towards home ownership
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