Get Sample Lease Purchase Agreement Form

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

What is Lease Purchase? Lease Purchase, also known as Conditional Sale, is ideal if you would like to eventually own the vehicle. Customers usually pay cash, part exchange their old vehicle or use a combination of both for their deposit.

Lease Purchase is a form of Hire Purchase or Conditional Sale agreement - requiring you to take ownership of the vehicle after all payments have been made - but the regular payments are structured like a lease/rental agreement.

In a lease purchase arrangement, a tenant enters into two agreements simultaneously - an agreement to purchase and a lease. The tenant agrees to purchase the property, but operates under the lease until the terms of the purchase agreement are fully satisfied.

A Louisiana rent-to-own lease agreement is for a landlord seeking to rent their property while offering an option to purchase. After signing the lease, the tenant will be allowed to buy the property for a pre-negotiated price.

Lease Purchase is a form of Hire Purchase or Conditional Sale agreement - requiring you to take ownership of the vehicle after all payments have been made - but the regular payments are structured like a lease/rental agreement.

Example of a Lease Option In this case, the buyer-tenant pays an extra 3% of the total house price as a fee for the lease option. They also pay a premium on their monthly rent. They then have the option to buy the house they currently live in two years in the future at current market prices.

Lease-to-own is an excellent choice for buyers who have a less secure future and are still determining if they will actually purchase the home after the term is up. Lease purchase is better for buyers who are already bent on buying property and are prepared to follow through with a 15-30 year term.