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How do Divvy annual leases work?

For Divvy customers on annual leases.

Before signing a lease with Divvy, we let you know exactly how much you can expect to pay in rent as well as the purchase price of your home for each of the upcoming 3 years (given that you’re eligible).

Your lease with Divvy is set for a 12 month period. For eligible customers, we’ll automatically send email notifications and reminders each year to review your rent and purchase prices for the upcoming 3 years, so that you can choose whether to continue renting or purchase the home from us.* You’ll receive email notifications beginning 4 months before the end date of your lease so that you have plenty of time to evaluate your options and make a decision for how you want to move forward. Please note that if you’re a Divvy resident in good standing and you do not take any action prior to 60 days of your lease end date, your new lease terms will automatically take effect.*   

Be sure to take action with these timelines in mind:

  • To continue renting with us, review and confirm your lease renewal in Divvy Portal prior to 60 days of your lease end date. 
  • To purchase the home from us, review the <<Divvy Home Purchase guide>> and notify us at operations@divvyhomes.com prior to 90 days of your lease end date (which is the same as your Purchase Price scheduled expiration date referenced in option agreement ). 
  • If you need to walk away from your lease, let us know at moveouts@divvyhomes.com prior to 60 days of your scheduled lease end date. 

*If you are a Divvy Texas resident, please note that the maximum period with the option to purchase a home is 3 years. However, eligible residents may extend their lease with us to continue renting but will no longer have the option to purchase the home. 

Check out our FAQs below for more information. 

How do lease renewals work? 

Your lease is set on a 12-month cycle, so we’ll invite you to review and confirm your lease renewal on an annual basis.* Each year, 4 months prior to your lease end date, we’ll automatically send you email notifications and reminders to review your annual lease agreement, rent amount, and purchase price so that you can choose whether to continue renting or purchase the home from us.* 

Review and confirm your lease renewal in your email or Divvy Portal prior to 60 days in advance of your lease end date. It’s important to note that if you don’t take any action prior to 60 days of your lease end date, your new lease terms will automatically take effect.*   

*If you are a Divvy Texas resident, please note that the maximum period with the option to purchase a home is 3 years. However, eligible residents may extend their lease with us to continue renting but will no longer have the option to purchase the home. 

Can my rent change each year? 

Divvy lets you know exactly how much you can expect to pay for your rent and purchase prices for each of the upcoming 3 years as we notify you of your lease renewal.* While your rent price may be different in each of the 3 years we show you, you won’t see any surprise changes. 

*If you are a Divvy Texas resident, please note that the maximum period with the option to purchase a home is 3 years. However, eligible residents may extend their lease with us to continue renting but will no longer have an option to purchase the home. 

Where can I access my lease agreement? 


If you’re new to Divvy, your lease agreement will be accessible to you upon completion of the lease webinar, maintenance quiz, and lease review quiz included in your closing process.

To review and sign your lease agreement, you can access the link from your email or Divvy Portal. After you’ve signed your lease, you can review the lease agreement stored in your DocuSign account. 

How do I add additional residents to my lease?

When completing the DocuSign lease agreement, text fields are provided to add additional residents to your lease via DocuSign. If you don’t have sufficient space for the noted residents, send us an email to operations@divvyhomes.com to assist with updating your DocuSign.

What if I need to leave the home during my lease? 

If you decide not to purchase the home and need to walk away from your lease, Divvy will refund your savings contributions minus 2% of the initial purchase price of the home (referred to as the Surrender Fee in your option agreement) and any outstanding fees and payments owed to Divvy. In cases where the value of the home has fallen, Divvy may assess a Shared Loss Deduction (as further defined and detailed in your option agreement) to the resident to help allocate some of the downside of home price depreciation. 

Please reach out to the Divvy Homes Operations team (operations@divvyhomes.com) if you’d like to discuss your situation.


Disclosure: *If you are a Divvy Texas resident, please note that the maximum period with the option to purchase a home is 3 years. However, eligible residents may extend their lease with us to continue renting but will no longer have the option to purchase the home.