Get Tx Residential Lease Agreement Option Purchase

The TX Residential Lease Agreement Option Purchase is a crucial document for those looking to lease a property with the option to purchase it later. This guide provides clear, step-by-step instructions on how to fill out this form online, ensuring that users have a smooth and hassle-free experience.

Follow the steps to fill out the TX Residential Lease Agreement Option Purchase online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling in the date on which the agreement is made. Enter the names of both the Seller/Landlord and the Buyer/Tenant in the designated fields.
3. Provide the specific location details of the property, including county, city, and complete street address in the appropriate sections.
4. Enter the annual rent amount in the first section about rent, followed by the monthly payment amount. Specify the due date for monthly payments and the amount of the security deposit.
5. In the utilities and services section, clearly indicate which utilities will be covered by the Tenant and which will be the responsibility of the Landlord. Be specific about the utilities provided.
6. Continue filling out the section regarding the condition of the premises and ensure clear communication on alterations, assignment or subletting, and tenant compliance with laws.
7. Insert the relevant dates for the option term of the purchase and the condition for exercising this option in the prescribed areas.
8. In the option consideration section, state the non-refundable fee and the conditions under which it may be credited towards the purchase price.
9. Complete the purchase price section by filling in the total price of the property, as well as the conditions under which credits from rent apply.
10. Ensure that the document is signed by all parties involved: the Seller/Landlord and the Buyer/Tenant, along with any designated agents or witnesses.
11. Finally, review the filled document for accuracy. Users can save changes, download, print, or share the completed form as necessary.

Start completing your TX Residential Lease Agreement Option Purchase online now!