South Carolina Purchase

South Carolina Option to Purchase Addendum to Residential Lease - Lease or Rent to Own
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State:
South Carolina
Control #:
SC-00547
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Available formats: Word | Rich Text

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

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FAQ

How do you write an addendum to a rental agreement?

Are lease addendums legal?

How do you add a tenant to an existing lease?

How do you structure a lease purchase agreement?

What is an addendum to a tenancy agreement?

Does an addendum supercede a lease?

How do I record a lease with option to buy?

Can you lease a house with option to buy?

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