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2022-06-16 20:31:22 By : Ms. Edward Xu

Tiny homes can save you a lot of money in the long-term, but the initial cost of building or buying one can deter people from downsizing.

But hesitant buyers might find a solution in ESCAPE, a company that has specialized in building tiny homes for the last 25 years.

The ESCAPE Rental Program provides eligible parties with a free small home designed to be used as a rental property. Recipients of the homes are considered ESCAPE Partners, according to the company's website. 

Partners won't be able to occupy the homes for personal use while they're part of the program.

The ESCAPE tiny houses are listed as rental properties through Airbnb or similar platforms, as is listed on the ESCAPE website.

Although partners won't be able to live in the homes themselves full-time, they will receive 40% of revenue from rental fees, according to an ESCAPE press release provided to Insider. Partners can rent the home on their property if they wish to stay in it, and they can retain the option to buy back the house at anytime, according to the same ESCAPE press release. 

ESCAPE staff will determine if a site is appropriate for one of its homes, as not all properties are suited to housing a unit. For instance, eligible sites should be within 100 miles of one of the top 50 metro areas in the United States, according to the ESCAPE website.

The ESCAPE website also says potential partners are responsible for filing all legal permits needed for them to have a tiny home on their property, while a refundable security deposit of between $1,000 to $2,000 is required to secure the space.

A breakdown of the specific requirements is available on the ESCAPE website.

Partners will be responsible for upkeep of the homes, including all housekeeping and maintenance, according to ESCAPE.

ESCAPE Homes founder Dan Dobrowolski thinks of the rental program as a way to expose more people to the small-living lifestyle while also providing them with the opportunity to create a "tiny business," according to the ESCAPE press release.

You can learn more about the ESCAPE Rental Program on the company's website.