US Legal Forms
Massachusetts Option to Purchase Addendum to Residential Lease - Lease...

Massachusetts Option to Purchase Addendum to Residential Lease - Lease or Rent to Own

Category:

Landlord Tenant - Residential Leases - Purchase Options

State:

Massachusetts

Control #:

MA-00547

Format:

Instant download

Upgrade to a Package! Option-to-Purchase Value Package. Essential Forms. Go to Package

Description

This Option to Purchase Addendum to Residential and Lease Agreement is entered into by and between the lessor and the lessee. The lessor agrees not to offer the residence for sale to anyone during the term of the lease, and to give the lessee (tenant) the option to purchase the residence at any time prior to the expiration of the lease, provided the lessee gives notice of intent to purchase in accordance with the provisions of the Addendum. At that point, a separate contract of sale will be executed and the sale will proceed as any sale would.

Please note: This Addendum form is NOT a lease agreement. You will need a separate Residential Lease Agreement. The Addendum would be attached to that Agreement

Agreement for Lease of Commercial Property with Option to Purchase

Contract for the Lease and Purchase of Real Estate - Purchase by date or leave

Option to Purchase Clause

Option to Lease

Lease Agreement with Option to Purchase Real Estate

Sample Letter for Directive - Establish, C...

Acceptance of Resignation

Letter regarding Client's Injuries and Dia...

Petition For Writ Of Habeas Corpus By Pers...

Sample Letter for Work or Employment Appli...

Sample Letter for Acceptance of Resignatio...

Termination or Cancellation of Listing Agr...

Engaging in Monetary Transactions in Prope...

Sample Letter for Acknowledgment - Sale on...

Leave Absence Approval Form

How to fill out Massachusetts Option To Purchase Addendum To Residential Lease - Lease Or Rent To Own?

Welcome to the most extensive legal document library, US Legal Forms.

Here, you can obtain any template like the Massachusetts Option to Purchase Addendum to Residential Lease - Lease or Rent to Own and save as many copies as you require.

Prepare official papers in just a few hours instead of days or weeks, without the need to spend a fortune on a lawyer.

If the template satisfies all your requirements, click Buy Now. To establish an account, select a subscription plan. Use a credit card or PayPal to register. Download the document in your preferred format (Word or PDF). Print the document and complete it with your or your business's information. Once you've filled out the Massachusetts Option to Purchase Addendum to Residential Lease - Lease or Rent to Own, forward it to your attorney for validation. This is an extra step, but an essential one to ensure you are entirely protected. Register for US Legal Forms today and gain access to a vast array of reusable templates.

Obtain your state-specific document with a few clicks and trust that it has been created by our state-licensed legal experts.
If you are an existing subscriber, simply Log In to your account and select Download beside the Massachusetts Option to Purchase Addendum to Residential Lease - Lease or Rent to Own you wish to use.
Since US Legal Forms is an online platform, you will always have access to your saved files regardless of the device you are using.
Find them in the My documents section.
If you don’t have an account yet, what are you waiting for? Follow the steps outlined below to begin.
If it's a state-specific template, verify its relevance in your residing state.
Review the description (if available) to confirm if it's the correct template.
Explore additional information using the Preview function.

Form popularity

FAQ

A lease addendum allows a landlord or tenant to make changes to a current residential or commercial lease agreement.Once both parties agree and sign, the addendum should be added to the original lease.

The Lease or Rental Agreement. The Option to Purchase. Payment of Rent and Setting Aside Monthly Rent Payments Varies. Tenant Makes Necessary Repairs to the Rental Property. Tenant Must Fulfill Lease Obligations. The Tenant Should Inspect the House and Order an Appraisal.

Rent-to-own programs can be attractive to buyers, especially those who expect to be in a stronger financial position within a few years. Some of the benefits include: Buy with bad credit: Buyers who cannot qualify for a home loan can start buying a house with a rent-to-own agreement.

Rent-to-own agreements include a standard lease agreement and also an option to buy the property at a later time. Lease-option contracts give you the right to buy the home when the lease expires, while lease-purchase contracts require you to buy it.

The rent-to-own setup is vulnerable to scams and shady landlords. As the tenant, you take on most of the risk in a rent-to-own contract. You're the one paying more than necessary in rent each month with the promise that the owner will credit the amount toward the purchase price someday.

A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.

Rent-to-own programs can be attractive to buyers, especially those who expect to be in a stronger financial position within a few years. Some of the benefits include: Buy with bad credit: Buyers who cannot qualify for a home loan can start buying a house with a rent-to-own agreement.

Adding an Addendum You should include the date, the address of the rental property and the names of each party just as you would in the original lease. Each addendum you create should address a separate topic, so title each accordingly, and include the word addendum in each to stay organized and avoid confusion.

An example of an addendum being used would be if the parties wanted to add something to the original document. For instance, an individual who is purchasing a house may not want to purchase all of the furniture that is being left behind. However, after thinking about it further, he changes his mind.

Order on Petition for Stay of Eviction Based on Defendant's Application for Emergency Assistance (Small Claims)

Order For Money Judgment Non-Eviction (Small Claims)

Order for Hearing Non-Eviction (Small Claims)

Order for Judgment Based on Noncompliance Eviction (Small Claims)

Order for Dismissal Non-Eviction (Small Claims)

Trusted and secure by over 3 million people of the world’s leading companies