Note: This "Supplemental" Package DOES NOT contain a Lease Agreement! This popular package is intended for Landlords who have already have a Lease Agreement form, but would like to take advantage of our package discount on other fundamental lease-management forms.
Residential Lease Agreement With Purchase Option
Category:
State:
North Carolina
Control #:
NC-LTP-SUP
Format:
Word;
Rich Text;
PDF
Instant download
Description
For just $31.95, get tremendous savings on forms essential to managing the landlord-tenant relationship. If purchased individually, the packages forms would total $111.80. Save time and money now - have these indispensable forms at your fingertips:Lease Application
Salary Verification
Reference Check Consent
Pre and Post Inventory Checklist
Lead Paint Disclosure
Welcome Letter
Rent Warning Letter
Rent Termination Notice
Lease-End Closing Statement
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How to fill out North Carolina Supplemental Residential Lease Forms Package?
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FAQ
A Texas rent-to-own lease agreement is a standard rental contract with an added option to purchase clause for the tenant. The tenant will commonly have the lease period to buy the property. When electing to buy, the details of the sale will be entered into a purchase agreement.
What is a lease-option-to-buy? A lease option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property at a specified price. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.
A purchase option is a right to purchase or lease land or other property interests without any obligation to do so.
Still, some people in the market, as either a buyer or seller, wonder if it is even legal to arrange for a rent to own deal for a residential property in this state. The short answer is, yes, but only if you carefully examine the situation and how the applicable statute in Texas could work for it.
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.