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Rent-To-Own For Your Backyard Storage Needs


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Rent-To-Own For Your Backyard Storage Needs



Organize Your Life with Backyard Storage Solutions

MyShedRental offers a convenient 36-month rent-to-own program for backyard storage solutions to fit a variety of budgets. Our buildings are offered through our network of authorized dealers. Contact a dealer today and see how simple it is to get the storage you need, with available options to make it uniquely yours.


What is Rent-to-Own?

Rent-to-Own is a legal contract under which a storage building is leased in exchange for a monthly payment with the option to purchase at any point during the lease. Alternately, at any point during the lease you can choose to return the building with no obligation to purchase or keep renting. 

Do you need 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:

 
  1. Find the nearest dealer and choose the size, style, and colors of your building.
  2. Sign the rental agreement and pay the initial payment to the dealer. 
  3. The building will be delivered and set up at your location.
  4. Pay regular monthly payments to rent the building as long as you need it.
  5. After a total of 36 monthly payments, the building is yours! Or, you can choose to take advantage of the discounted payoff at any time.
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Rent-to-own Details


Rent-to-own Details


Rent-to-Own Details

Since this is a true rental program, there is no credit check required to sign up, and there is no obligation to keep the building. You can return the shed at any time for any reason with no penalty whatsoever.


Frequently Asked Questions

 

Q. How much is the down payment?

A. An initial payment equal to 2 months’ rent is required for delivery and setup of the building.

 

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 apply extra money to. 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 your building at any time.

 

Q. When is my first payment due?

A. Your first rental payment will be due 40-45 days after delivery of the building. Thereafter 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 payoff 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 watch the "Discounted Early Payoff" amount on each invoice. When you're able to pay that amount in a single payment, call us and we'll process it and issue your building 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 payoff 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 building. Please call our office with your payment if you wish to take advantage of this feature.

 

Q. What is the interest rate on my payments?

A. There is no interest rate in a rent-to-own situation. You are simply renting on a month-to-month basis.  On a 36-month rental contract, for example, 60% of your net payment is applied toward the purchase of the building.

 

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 payoff.