Missouri Option Agreement
Description
How to fill out Option Agreement?
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FAQ
A Missouri rent-to-own lease agreement is a document that rents property to a qualified tenant and gives an option to buy. The landlord will commonly screen the tenant and require proof of funds to purchase the property.
The Missouri Option Program is designed to target students who have the ability to complete Missouri high school graduation requirements but for a variety of reasons lack the credits needed to graduate with their class and are at risk of leaving high school without a high school diploma.
A real estate purchase option can be great for buyers. For example, if you want to buy a lot of land to build a new home, a purchase option can be used to keep the lot available for a certain amount of time, until you have funding. The landowner cannot sell the plot to anybody else during the term of the option.
Families in Missouri can choose from traditional public schools, public charter schools, public magnet schools, private schools, online academies, and homeschooling. If you're a parent looking for school choice options for your child head to our Missouri State Guide.
Students must be enrolled in academic instruction for 15 hours per week. Student must have an approved job or volunteer position, working 15 hours a week or more. Enroll in the Missouri Connections Program (post-secondary and occupational exploration activities and complete a Career Portfolio).
These 24 credits can be broken down into 4 credits of English, 3 credits of math, 3 credits of science, 3 credits of social studies, 1 credit of fine arts, 1 credit of physical education, 1 credit of practical arts, half a credit each for health and personal finance, and 7 credits of electives.
About the Missouri Option Program The program utilizes a high school equivalency exam, currently the HiSET®, as content mastery for graduation purposes. Missouri Option students successfully passing the exam and completing all other program requirements are eligible to receive a high school diploma.
The contract must be in writing. The contract must specify the location, such as the lot and block, subdivision, city, and state. The agreed-upon time frame of the contract must grant the buyer's right to purchase. The buyer and the seller must agree upon the purchase price.
