AG Shapiro Announces “Major Victory” for Pennsylvanians Victims of Property Management Company’s “Rent to Own” Program

An Allegheny County Court ruling against Vision Property Management ordered that all consumer contracts for 285 PA homes be deemed satisfied and paid in full.

ALLEGHENY COUNTY, PA – A decision this week by the Allegheny County Court against Vision Property Management LLC and other defendants ordered that 285 Pennsylvania homes owned by the company must be immediately transferred to clients who signed a “lease with option to purchase” or “an agreement for deed contracts,” said Attorney General Josh Shapiro.

Customers are those who currently live or have most recently occupied the affected homes, Shapiro said.

His office “will continue to seek redress for consumers who had a contract with Vision, but no longer occupy the homes,” Shapiro added.

“The Pennsylvanians who have been exploited by Vision Property Management and the deceptive ‘rent with property’ programs of its subsidiaries will finally be homeowners,” Shapiro said in a press release. “My office will work tirelessly to implement the court order as quickly as possible and seek fair compensation for anyone scammed and forced to leave their home.

“Companies like Vision – you have been warned. My office will investigate and prosecute companies that use predatory tactics to take advantage of consumers. “

The Commonwealth filed a lawsuit in October 2019 against Vision Property Management and its affiliates for implementing a “rental with property” program that affected more than 650 Pennsylvania residents.

The lawsuit alleges that Vision uses deceptive sales tactics to trick consumers into entering into “lease with an option to buy” agreements on foreclosed homes that are in very poor condition.

Unbeknownst to consumers, the agreements provided no property rights, consumers were immediately kicked out if they fell behind on payments, and the provisions of Vision’s agreements making consumers responsible for the costly repairs needed to make homes living spaces are illegal, Shapiro said.

While most of Vision’s contracts were “lease with purchase option,” Vision also used an “Agreement for the Deed” and other contract formats that are also subject to the lawsuit, according to Shapiro.

The court ruling further ordered that all consumer contracts associated with these homes be terminated, deemed satisfied and paid in full, Shapiro said.

This order was issued in response to a petition for sanctions filed by the Commonwealth for the defendants’ repeated failure to comply with court orders.

Vision and the other defendants have filed an appeal, Shapiro said.