Lease To Own Home Contract Template

Rent to own is a great option for a potential new home owner as they get the chance to try a property before they buy it.

Lease to own home contract template. The residential lease with an option to purchase agreement gives a tenant the right to purchase the property in accordance with the terms set in the agreement the form must be written in accordance with all state landlord tenant lease laws in addition to following the state s real estate commission s rules which typically require certain disclosures forms to be attached. An appropriate lease choice isn t a sale in any way. A rent to own agreement form is a contract between the landlord a property owner and tenant a renter over a specific property. Your second paperwork are classified as the solution agreements the option deal presents the renter the chance and suitable to acquire your house inside the rental period of time at. It is often established between the two sides within a specific period of time.

The sample rent to own agreement below details an agreement between the landlord casey s silverman and the tenant sophia m cargill casey s silverman agrees to lease the the property to sophia m cargill with the option to purchase it at an agreed upon price. That you are placing your signature on two independent agreements. Learn whether a lease to own or lease option agreement is a good choice for tenants who want to buy the home they rent.