NCC Luxe Leasing Offering Lease-to-Own Programs in Slow Economy

(PRLEAP.COM) BOCA RATON, FL - August 21, 2008 - NCC Luxe Leasing, a luxury rental program in East Boca Raton, leads the way for innovative Lease-to-Own options in a slowing sales market.

For New Century Companies, the award-winning builder of a collection of Spanish Colonial inspired homes, Royal Poinciana is a perfect solution for those wanting to sample the lifestyle and amenities of a luxury community without paying homeowner association fees.

"Participants in this lease program receive at no cost most of the required insurance coverage and policies for the home, a basic cable TV package, 24 hour individual alarm system monitoring, full landscape maintenance and pool and cabana area upkeep," said Candace Maslan of New Century Companies. "In short, no Home Owners Association related fees."

"This is an elegant, established community near everything that Boca is famous for-shopping, schools, entertainment and a short 15 minute ride to the beach," she said. "We have in essence set the stage for what has become one of Boca’s most family friendly and lively communities."

In addition to traditional leasing, participants can opt to go with a "Lease-to-Own" program at Royal Poinciana, which provides a way to live free of the burden of home ownership related fees for one year, while building equity on what can eventually become a new home.

The Lease-to-Own program has been widely popular and also allows participants to lock-in a purchase price at the beginning of the lease period, with 25 percent of the rent going towards the final purchase of the home.

"Five percent of the purchase price is paid for an option fee," she said. "This deposit will take the home off the market. Once the time comes to purchase the home, one of our preferred lenders will consider the participant’s qualifications to purchase. If found unqualified, the participant forfeits 50 percent of the option fee to the builder, and if the participant decides not to purchase the home then 100 percent of the option fee is forfeited."

"With today’s economic climate, many Americans who would be candidates for a traditional purchase are now leaning towards a more gradual approach to ownership, allowing them to tie up loose ends while building equity on a new home." Maslan said.

A concierge-level 1-year-warranty is extended to residents leasing within Royal Poinciana and for those participating in the Lease-to-Own program the warranty is extended for an additional year, after they close on their home.

Located in East Boca, Royal Poinciana is already being compared to some of South Florida’s most distinguished and desirable single-family neighborhoods, including Coral Gables, El Cid and Old Floresta.

The Santa Cruz collection offers over 3,000 square feet of total area in their designs, while the three-story Santa Barbara Collection of urban style homes feature over 2,400 square feet of total living space. Both home collections feature two-car garages.

Some amenities Royal Poinciana is famous for include a resort style pool and elegant cabana with a large paved pool deck with stylish patio furnishings.

For more information, visit www.nccluxeleasing.com.

About NCC Luxe Leasing:

NCC Luxe Leasing, a luxury rental program in East Boca Raton features authentic Spanish Colonial homes in a gated neighborhood. The company features four distinctive floor plans with luxurious appliances, landscaping and features. Residents also receive insurance policies for their home without paying home owners insurance.

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