 So I'm here with Mayor DeVal from Mayor DeVal Incorporated Attorneys and and also obviously rent-to-bar Really curious is to find out what that means because I understand what renting is I understand what buying is What is rent-to-bar? Rent-to-bar is a unique concept. We started with rent-to-buy being a property attorney 11 years ago and last year Group fund came to me and said they're gonna change my life And I asked him how you're gonna do that you give me a lot of stock because I'm always looking for rent-to-buy stock And they said well, we've got lots of money for you So I said well money talks real listen So what we put together is a rent-to-buy concept where the price ranges are from 400,000 rand to 1.8 We started with a pilot project in the price range 200 to 1.8 and in Cape Town Metropole 2010 so at the moment we can pre-qualify a home buyer Issue with a certificate and that certificate is as good as a cash buyer The buyer has to put down a 7% deposit if he buys from an investor that has to be a free to 5% deposit We then take transfer of the property we keep a property for a period of two years During that time we bring in all our goodies like home and issue vacations, debt repair, budgeting tools and Month 22 we have a look at the customers profile. Did he pay his rent every month of time? Were he up to date with his credit record improved? Because I'm confused what happens after the two-year period. At the end of a 22 month period We can convert that rental into free Opportunities the first opportunity is we can do an installment sale for you And you pay back that rental amount the purchase price We pay that back to us over a period of 20 years We freeze the price for you from day one and the second opportunity is where we can apply for a home loan Maybe you want to do a little bit of a less rental Monthly installment and with that the bank will maybe give you a prime Maybe prime lease a half and with that you can actually take transfer and become the home owner The last opportunity maybe you want to move on with your life and you say to me mayor I actually want to move out to a different property where we can assist you to actually market the property Put you on the market and you find a buyer that has got is going to pay you a higher price We can then assist you to take transfer Sell the property and put the profit of the money into your pocket Private property a home for everyone