What is the N-ROC?

The Non-Refundable Option Consideration (N-ROC) is a one-time fee that gives you the exclusive right to buy the home at an agreed-upon price during a set period of time, called the option period.

The option period is the timeframe during which only you have the right to purchase the home under the terms of your Option to Purchase Agreement.

Your exclusive purchase right is established by the Option to Purchase Agreement when all required parties sign. Your NROC pays for that right and is collected after the required agreements are signed. Payment alone does not provide keys or possession.

What the N-ROC Does

Your N-ROC:

✓ Gives you the exclusive right to buy the home during the option period.

✓ Locks in the purchase price listed in your Option Agreement.

✓ Allows you to continue in our path-to-homeownership program.

✓ Pays for your exclusive purchase right under your signed Option Agreement.

✓ Shows your commitment to becoming a homeowner.

What the N-ROC Does NOT Do

The N-ROC is important, but it is also important to understand its limits.

The N-ROC:

✗ Is not a security deposit.

✗ Is not rent.

✗ Is not a down payment.

✗ Does not mean you have purchased the home.

✗ Does not make you the owner of the property.

✗ Does not guarantee that you will qualify for a mortgage later.

✗ Does not build ownership value (equity) in the property.

✗ Once your NROC payment clears and the cancellation period expires without cancellation, it is generally non-refundable, including if you choose not to purchase. All cancellation and refund rights under your agreements and applicable law remain protected.

Your Responsibilities

As a tenant buyer (someone who rents the home while working toward purchasing it), you are responsible for:

• Paying rent on time.

• Taking care of the property as required by your lease.

• Working toward meeting your future financing and mortgage goals.

• Following all terms of your lease and option agreements.

Successfully completing the program and buying the home will depend on your financial progress and your ability to obtain financing when you are ready to purchase.

Questions?

We want every family to clearly understand the program before moving forward.

If you have questions about the N-ROC, your lease agreement, or your option to purchase, please contact one of our Property Partners before making a payment.

We are happy to explain any part of the process and help you feel comfortable with every step.

Want to Sell, Looking to Purchase?

Contact us via phone, email, or submit an inquiry by clicking contact us!

EP Homes Real Estate Solutions
(Emissary Properties LLC)
1235 East Blvd Ste. E #2029
Charlotte NC 28203
+9804286513
info@ephomes.in

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