What happens if I want to end my partnership with Landed's down payment program but I don’t want to sell my home?

After living in your home for at least two years, you can buy Landed out without selling your home.

To end the partnership, you simply need to notify Landed and we’ll get the process started. This process applies only to inquiries made 2 years after the purchase date and before to the 30-year Landed term date.

Note: You can end the partnership in the first two years, but only by selling the home. Going this route will enact an early termination fee which includes: 1) Landed’s initial down payment and 2) the region fee or Landed’s appreciation share, whichever is higher.

You will pay an amount equal to the original Landed down payment program investment, plus our share of the appreciation in the home's value, typically between 25%-37.5%. The amount you pay depends on the new appraised value of your home. See this article for details on how Landed assesses the home’s value.

In short, we will schedule a time for an independent appraiser to come evaluate your home and determine the value. Once the appraisal is complete and you’ve lined up the money to pay Landed, you’ll be able to end your Landed partnership.

To review the above scenarios in greater detail, read our blog post on Ending Your Landed Partnership.