Rent-to-Own Lease Agreement
Landlord and Tenant
Use the FormSearchr rent to own lease agreement form template to create a legal document for use for a rent with the option to buy agreement.
Start creating your form with step-by-step guidance
About This Form
A Rent-to-Own Lease Agreement is a legal document that outlines the terms and conditions of a rental property with an option for the tenant to purchase the property at a later date. This agreement is beneficial for tenants who wish to eventually own the property they are renting, providing them with the opportunity to build equity while renting. It typically includes details such as the purchase price, option fee, and the duration of the lease period before the purchase option can be exercised.
When to Use This Form
- When a tenant wants the option to purchase the rental property
- If a landlord is open to selling the property to the tenant in the future
- When both parties agree on a purchase price at the start of the lease
- To provide tenants with a path to homeownership
- When a tenant wants to lock in a purchase price in a rising market
Key Features
- Combines a standard lease agreement with a purchase option
- Specifies the purchase price and option fee
- Outlines the lease period and conditions for exercising the purchase option
- Allows tenants to build equity while renting
- Can include maintenance and repair responsibilities
Ready to Get Started?
Create your Rent-to-Own Lease Agreement now with our easy-to-use form builder. Get step-by-step guidance throughout the process.