Lease to own agreement form free

Other Names: Rent to Own Contract Lease Purchase Agreement Lease to Purchase Agreement Lease to Own Agreement Rent to Own Lease Agreement Rent to Own Agreement Form Lease Option Agreement Option to Purchase Lease Agreement

What we’ll cover

• Rent to Own Agreement FAQs
• Rent-to-Own Agreement checklist

What is a Rent-to-Own Agreement?

A Rent-to-Own Agreement is a lease agreement that adds the option of purchasing the property during the term of the lease. Rent-to-Own Agreements can help to facilitate the sale of a property with a buyer who needs to secure funding.

A Rent-to-Own Agreement includes much of what you'd see in a standard Lease Agreement, such as monthly payments and due dates, grace periods and late fees, property descriptions, tenant's and homeowner's names, and the number of years the lease will last. But a Rent-to-Own Agreement will also include details like the option fee, how much of the rent goes towards the purchase, terms for violating the agreement, and how the purchase price of the property will be determined.

When to use a Rent-to-Own Agreement:

• If you are a property owner looking to enter a Rent-to-Own Agreement with renters who need help preparing to be able to make a purchase.
• You are a property owner willing to sell a property to a renter who has expressed interest.
• If you are a renter who eventually wants to buy a property that is currently for rent or for sale.
• You are a renter preparing the document to share with your landlord.

Sample Rent to Own Agreement

The terms in your document will update based on the information you provide

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