2514 Mountain Laurel Ave NW, Concord, NC 28027

Located in the Mountain Laurel subdivision in Concord. Beautiful 4bed, 2.5 bath home located at 2514 Mountain Laurel Ave in Concord. Hardwood in the foyer, breakfast room, sun room and kitchen. Upgraded carpet in Great Room. Sun room and Den make great additional living spaces downstairs. Loft upstairs is a great place to relax. Oversized master bedroom has two walk-in closets. The minimum rent term for renting without an option to buy is 24 months. The place is also offered for rent to own for prospective buyers who would otherwise purchase the property but need time to come up with financing . The closing time will depend on the renters readiness to purchase it. If the place is rented with rent to own option, 12 month lease term is the longest available term for the purpose of securing financing. The sale price will be set at $550000. There will be an earnest money deposit of 3% ($16500) of the purchasing price at signing of the lease paid in a form of cashiers check, which will be credited towards the purchasing price at closing. No security deposit is needed. The rent received will be a standard month to month rent and no amount of it will be credited towards the purchasing price. The first month rent should be paid at the lease signing. The closing date will depend on the renter's readiness to purchase. If the renter is not able to close before the end of the lease agreement, the deposit will become non-refundable and the property should be return to the owner immediately. From the date the lease agreement is signed, the tenant is responsible for the maintenance of the property unless a costly repair of $2000 or more is needed. Only repairs associated with maintenance will falls under the owner's responsibility. If the repair is as result of negligence, the tenant is solely responsible for the cost of the repair. The property taxes are still owner's responsibility until the closing. There is $200 non-refundable pet fee.