# Equity-Building Leases

{% hint style="success" %}

### 💡 Rent That Builds Wealth

Built By DAO's equity-building leases transform rent payments into real equity, giving renters a path to wealth accumulation that traditional renting doesn't offer.
{% endhint %}

***

{% hint style="danger" %}

### ❌ The Problem with Traditional Renting

{% endhint %}

| Traditional Renting  | Reality                  |
| -------------------- | ------------------------ |
| 💸 100% to landlord  | No equity accumulation   |
| 🏠 No ownership path | Renter gains nothing     |
| 📉 After 10 years    | $180,000 paid, $0 equity |

{% hint style="success" %}

### ✅ The Built By Solution

{% endhint %}

| Equity-Building Lease       | Reality                                   |
| --------------------------- | ----------------------------------------- |
| 💎 7-12% converts to equity | [EQTBLT tokens](/token-economy/eqtblt.md) |
| 🏠 Path to ownership        | Available                                 |
| 📈 After 10 years           | $180,000 paid, **$18,000 equity**         |

***

## ⚙️ How It Works

{% hint style="info" %}

```
You Pay Rent
     ↓
Rent Split: 88-93% Property | 7-12% Equity
     ↓
Your Equity Portion → EQTBLT Tokens
     ↓
EQTBLT in Your Wallet
     ↓
Use for: Down Payment | Ownership | Redemption
```

{% endhint %}

### Step by Step

| Step | Action                                          |
| :--: | ----------------------------------------------- |
|  1️⃣ | **Sign lease** — Equity-building terms included |
|  2️⃣ | **Pay rent** — Monthly payment as usual         |
|  3️⃣ | **Automatic split** — Equity portion calculated |
|  4️⃣ | **EQTBLT minted** — Tokens sent to your wallet  |
|  5️⃣ | **Equity grows** — Accumulates over time        |
|  6️⃣ | **Use equity** — Redeem when ready              |

{% content-ref url="/pages/JxkR5zUnET7Ppq6pfpCO" %}
[How Equity Works](/equity-and-membership/how-it-works.md)
{% endcontent-ref %}

***

## 📊 Equity Rates

{% tabs %}
{% tab title="📊 Rate Factors" %}

| Factor            | Rate Impact |
| ----------------- | :---------: |
| Base rate         |     10%     |
| Longer lease term |    +1-2%    |
| Renewal bonus     |    +0.5%    |
| Special programs  |    Varies   |

**Range: 7% - 12%**
{% endtab %}

{% tab title="📋 Example Rates" %}

| Scenario                   |  Rate |
| -------------------------- | :---: |
| Standard 1-year lease      |  10%  |
| 2-year lease               |  11%  |
| Renewal (3+ years)         | 11.5% |
| Special affordable program |  12%  |
| {% endtab %}               |       |
| {% endtabs %}              |       |

***

## 💰 Monthly Example

{% hint style="info" %}
**Rent: $1,500/month, 10% rate**
{% endhint %}

| Component            | Amount |
| -------------------- | :----: |
| Total rent           | $1,500 |
| Equity portion (10%) |  $150  |
| Property portion     | $1,350 |
| EQTBLT received      |   150  |

{% hint style="info" %}
**You pay the same $1,500, but $150 becomes yours as EQTBLT.**
{% endhint %}

***

## 📈 Long-Term Accumulation

At $1,500/month with 10% rate:

| Period   | EQTBLT Earned |  Value  |
| -------- | :-----------: | :-----: |
| 1 year   |     1,800     |  $1,800 |
| 3 years  |     5,400     |  $5,400 |
| 5 years  |     9,000     |  $9,000 |
| 10 years |     18,000    | $18,000 |

**This is equity YOU own.**

***

## 💎 What You Can Do with EQTBLT

{% tabs %}
{% tab title="🏠 Down Payment" %}

### 🏠 Apply to Home Purchase

| Feature                     | Details             |
| --------------------------- | ------------------- |
| 🏗️ **Built By properties** | Direct application  |
| 🏠 **External purchases**   | Approved properties |
| 💯 **Full value credit**    | 1:1 application     |
| {% endtab %}                |                     |

{% tab title="📊 Ownership" %}

### 📊 Property Ownership

| Feature                       | Details           |
| ----------------------------- | ----------------- |
| 📈 **Fractional ownership**   | In DAO properties |
| ⬆️ **Growing stake**          | Over time         |
| 🏠 **Real property interest** | Actual ownership  |
| {% endtab %}                  |                   |

{% tab title="💵 Redemption" %}

### 💵 Cash Out

| Feature                       | Details              |
| ----------------------------- | -------------------- |
| ⏱️ **After 24-month vesting** | Required wait        |
| 📊 **93% of value**           | 5% discount + 2% fee |
| 🏦 **Direct to bank**         | Your account         |
| {% endtab %}                  |                      |

{% tab title="🔄 Transfer" %}

### 🔄 Move to Another Property

| Feature                      | Details               |
| ---------------------------- | --------------------- |
| 💎 **Keep your equity**      | EQTBLT stays          |
| 🏠 **Apply to new location** | Any Built By property |
| ✅ **No loss**                | In transfer           |

{% content-ref url="/pages/5FgocNxR92RaVxnUwBpU" %}
[Portability & Transfer](/equity-and-membership/portability.md)
{% endcontent-ref %}
{% endtab %}
{% endtabs %}

***

## ⚖️ Comparing Options

|                       | Traditional Rent |   Equity Lease  |
| --------------------- | :--------------: | :-------------: |
| 💰 **Monthly**        |      $1,500      |      $1,500     |
| 📊 **Equity rate**    |        0%        |       10%       |
| 📈 **After 5 years**  |        $0        |      $9,000     |
| 🏠 **Ownership path** |       ❌ No       |      ✅ Yes      |
| 🧳 **Portability**    |    Start over    | Equity portable |

***

## ✅ Eligibility

{% tabs %}
{% tab title="📋 Requirements" %}

| Requirement         | Description                                            |
| ------------------- | ------------------------------------------------------ |
| 👥 **Membership**   | Valid [Built By DAO member](/membership/membership.md) |
| ✅ **Qualification** | Pass standard rental criteria                          |
| 📝 **Lease**        | Sign equity-building lease                             |
| 💳 **Wallet**       | Maintain crypto wallet for EQTBLT                      |
| {% endtab %}        |                                                        |

{% tab title="🏠 Properties" %}
Equity-building leases available at:

| Type                        | Availability   |
| --------------------------- | -------------- |
| 🏗️ **Built By properties** | All            |
| 🤝 **Partner properties**   | When available |
| 🆕 **New developments**     | All            |
| {% endtab %}                |                |
| {% endtabs %}               |                |

***

## 🚀 The Process

{% tabs %}
{% tab title="🚀 Getting Started" %}

|     Step     | Action                                   |
| :----------: | ---------------------------------------- |
|      1️⃣     | [Join Built By DAO](/guides/join.md)     |
|      2️⃣     | Browse available properties              |
|      3️⃣     | Submit rental application                |
|      4️⃣     | Sign equity-building lease               |
|      5️⃣     | [Set up wallet](/guides/wallet-setup.md) |
|      6️⃣     | Move in and start building equity        |
| {% endtab %} |                                          |

{% tab title="🔄 Ongoing" %}

|      Step     | Action                                  |
| :-----------: | --------------------------------------- |
|      1️⃣      | [Pay rent](/guides/pay-rent.md) monthly |
|      2️⃣      | Receive EQTBLT automatically            |
|      3️⃣      | Track equity in member dashboard        |
|      4️⃣      | Plan toward your goals                  |
|  {% endtab %} |                                         |
| {% endtabs %} |                                         |

***

<details>

<summary>❓ Frequently Asked Questions</summary>

#### Is this rent-to-own?

Similar but better:

* **Rent-to-own**: Usually one specific property
* **Equity lease**: Portable, flexible, multiple options

#### What if I move?

Your EQTBLT stays with you:

* Move to another Built By property
* Transfer equity to new location
* Or redeem for other uses

#### Is this taxable?

Consult a tax professional. Generally:

* EQTBLT receipt may be taxable
* Redemption may have tax implications
* Keep records of all transactions

#### What if Built By fails?

EQTBLT is backed by real assets:

* [Treasury](/governance/treasury.md) holds reserves
* Property portfolio provides backing
* Redemption rights protected

#### Can I lose my EQTBLT?

EQTBLT is yours:

* Can't be taken by landlord
* Survives eviction (you keep earned EQTBLT)
* Soul-bound to your wallet

</details>

***

<details>

<summary>🌟 Success Stories</summary>

#### Maria - 3 Years to Down Payment

* Rented at $1,400/month
* Earned 5,040 EQTBLT
* Used for down payment
* **Now a homeowner**

#### James - Long-term Equity

* Rented 7 years
* Earned 12,600 EQTBLT
* Built while contributing
* **Planning ownership stake**

#### Sarah - Portable Equity

* Started in Chicago
* Moved to Austin (Built By property)
* Kept all her EQTBLT
* **Continuing to build**

</details>

***

## 🚀 Get Started

{% hint style="success" %}
Ready to start building equity?

1. [Join Built By DAO](/guides/join.md)
2. [Set up your wallet](/guides/wallet-setup.md)
3. Browse available properties
4. Apply for housing
   {% endhint %}

***

## 🔗 Related Pages

{% content-ref url="/pages/JxkR5zUnET7Ppq6pfpCO" %}
[How Equity Works](/equity-and-membership/how-it-works.md)
{% endcontent-ref %}

{% content-ref url="/pages/aaa1h94p4JqUPuy7FMo0" %}
[Rent Payments](/equity-and-membership/rent-payments.md)
{% endcontent-ref %}

{% content-ref url="/pages/NZzCduUn7eUsIO6NlvkJ" %}
[Redemption Options](/equity-and-membership/ownership.md)
{% endcontent-ref %}

{% content-ref url="/pages/5FgocNxR92RaVxnUwBpU" %}
[Portability & Transfer](/equity-and-membership/portability.md)
{% endcontent-ref %}

{% content-ref url="/pages/7DqLKU1jb5K2nEzRQB9u" %}
[Member Benefits](/equity-and-membership/benefits.md)
{% endcontent-ref %}

{% content-ref url="/pages/4dyHkNojNrIrQGavsuXD" %}
[EQTBLT Token](/token-economy/eqtblt.md)
{% endcontent-ref %}


---

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