Koqoon is a Belgian rent-to-own project designed to help people become homeowners. Tenants can live in their dream home while gradually saving to buy it once they qualify for a mortage.
No. Koqoon is not a lender and our goal is to not to replace mortages. Our program is designed to help renters qualify for a mortage after saving for 3 to 5 years.
Koqoon earns from monthly rent payments and the appreciation of the property's value over time.
Yes, your budget will be calculated based on your total income and initial savings.
No hidden fees. It is completely free to enroll in our program. However, if you have found your dream home, we ask for a payment of 2% of the property's value to initiate the purchase process cover our transaction costs. If you buy back the property, this amount will be deducted from the repurchase price.
To calculate your budget, we require your pay slips from the last 3 months and information on your initial savings.
Based on your monthly budget and initial savings, we calculate how much you could aside monthly to qualify for a mortgage loan after 3 years. We cannot guarantee obtaining a loan as this decision lies with the bank, but we base our calculations on the most recent qualifications criteria used by banks.
You can choose any home for sale within your budget, except for new constructions, auctions, and properties needing renovations.
Once you find a home and we approve it, we sign a purchase option contract with you and ask for a 2% payment to start the purchase process. If our offer is accepted, Koqoon becomes the owner, and you can move in under a rental contract.
If our offer is not accepted, you can either look for another home or stop the process, in which case we refund your initial 2% contribution.
The monthly rent is based on a fair market rent for your region and type of property and is the same rent you would pay if you were not renting the property from Koqoon.
Yes! You can receive up to 12 months worth of rent back.
The buy-back price is estimated based on local market trends and inflation. Even if the future value of property exceeds the predetermined price, your price does not change.
Yes! You can receive up to 12 months worth of rent back.
If you are not ready to buy back the home after 36 months, the purchase option contract can be extended by 2 years, allowing a total of 5 years to save. After this period, you lose the option to buy, and we will sell property on market.
You can choose not to buy the home and leave whenever you wish, subject to the terms of your rental contract. If you break the contract, you may need to pay compensation.
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