Michigan Option to Purchase Addendum to Residential Lease - Lease or Rent to Own
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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
- View Michigan Notice to Lessor Exercising Option to Purchase
- View Michigan Letter from Tenant to Landlord containing Notice of termination for landlord's noncompliance with possibility to cure
- View Michigan Agreed Written Termination of Lease by Landlord and Tenant
- View Michigan Application for Sublease
- View Michigan Salary Verification form for Potential Lease
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