Cirrus Condominiums | Terms

Cirrus Lending Options


Resident must purchase a condominium from the developer (not a re-sale).

Resident must be in good standing during tenancy and comply with all rules of their lease.

Fifty percent (50%) of the resident’s monthly rental payment at Cascade will be applied toward the incentive.

The total incentive amount will not exceed 2.5% of the purchase price of the condominium at Cirrus and will be applied as a credit at closing.

Incentive amount cannot be used as an earnest money payment or toward upgraded unit finishes.

Not retroactive for previously paid rent. Incentive time will begin the first full month of paid rent (after concessions) following the close of attorney review.

Minimum 12-month lease terms with a 30-day notice to vacate when unit delivers. If resident cancels lease prior to unit delivery, incentive is forfeited. Lease must be consecutive with no gap between lease and unit closing.

Resident must comply with all terms and conditions of the purchase agreement including on-time earnest money deposit requirements.

Resident must sign lease within 30 days of contract and provide a copy to Lendlease.

The program may be altered or canceled at any time prior to the resident entering into a purchase agreement.

Buyer must identify cooperating broker on first visit to sales gallery to be eligible for rental incentive.