How to locate professional legal documents that comply with your state's regulations and create the Lease With Purchase Option Agreement independently without consulting a lawyer.
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A lease option is an agreement that gives a renter a choice to purchase the rented property during or at the end of the rental period. A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.The difference between a leasepurchase agreement and a lease option is the buying requirement at the end of the lease. A renttoown home or "lease option" is a contract that includes both a rental and a purchase agreement. What are the pros and cons of a lease option agreement? You can purchase the rental property using the RTO contract's purchase option for less than the total of payments. A lease option is really two separate agreements: a lease and an option to purchase. 1. Agreement to Lease. a.
