Use our free New York lease-to-purchase agreement template that ensures your contract is detailed and legally compliant. Considering offering or accepting a lease buyout?If you have questions, give our firm a call. Examination of commercial leases, purchase agreements, and financing options for commercial properties. Residential Lease Agreement. THIS LEASE AGREEMENT (hereinafter referred to as the "Agreement") made and entered into this. Learn what a rental lease agreement is and what it contains. Find out what an NYC lease covers and what New York laws will protect you. A lease purchase agreement between a tenant and a landlord allows the renter the option to eventually buy the property. If Buyer extends, Seller may want to: (1) have Buyer bear the risk of changes in circumstances (e.g.