How to structure a lease purchase agreement? How to draft a Rent To Own Contract? Download this Printable Rent To Own Contract template that will perfectly suit your needs!
This is a sample of a RESIDENTIAL LEASE WITH OPTION TO PURCHASE THIS AGREEMENT to be signed with the Lessor and Lessee. It organizes the lease of a property to Lessee, his/her heirs or assignees, the premises upon specific terms and conditions (rent to own).
The option to purchase, consideration will be refundable only if:
- 1) a pre-closing home inspection by a certified home inspector reveals structural damage in excess of four (4) of the option price of the property (provided, however, that lesser damage will be the responsibility of Lessor to correct prior to closing)
- (2) Lessor fails to produce a satisfactory termite letter prior to closing or
- (3) Lessor fails or is unable to meet any of the obligations set forth in the lease option agreement. Rent: Rent shall be per month, payable in advance, upon the first day of each calendar month to Lessor or his or her authorized agent at the address. In the event, the rental payment is not received within five (5) days after the due date, Lessee agrees to pay a late charge of plus interest at per annum on the delinquent amount... etc
The following articles are included:
- Option to Purchase,
- Option price,
- option price,
- Personal Property,
- Restrictions rental payment,
- Residence Use,
- Maintenance, Repairs or Alterations,
- Entry and Inspection,
- Security/Damage Deposit,
- Deposit Funds,
- Attorney Fees,
- Heirs, Assigns, Successors,
- DefaultEncumbrancesExamination of Title,
- Evidence of Title,
- Bill of Sale,
- Closing Costs,
- Tax and insurance,
- Escrow account,
By using this easy-to-modify Residential Lease with the option to purchase contract helps to make a perfect version for any kind of situation.
Legal professionals are in need of templates more than any other industry. Our trustworthy legal templates are all drafted and screened by legal professionals that have experience in special law-related fields and are actively involved in legal issues around the topic. This Printable Rent To Own Contract template covers the most important subjects and will help you to structure and communicate in a professional and legal way with those involved.
Download this professional legal Printable Rent To Own Contract template now and save yourself time, effort and possibly reduce the lawyer-fees in order to become more successful. Using our legal templates will help you to deal with the situation! However, this Legal template will help you dealing with this legal matter, we still recommend you consider to find legal support in case you have doubts about dealing with it the right way.
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