This package contains the forms that are necessary for sellers and purchasers to enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand. With this package, you will find the essential forms to assist you in successfully entering into and executing a commitment to purchase or sell real property. The documents in this package include the following:
1) Contract for Lease and Mandatory Purchase of Real Estate-Specific Performance Clause;
2) Contract for Lease and Purchase of Real Estate- Purchase by Date or Leave;
3) Personal Guaranty of Contract for the Lease and Purchase of Real Estate; and
4) Residential Real Estate Sales Disclosure Statement.
Purchase this package and save up to 30% over purchasing the forms separately!
The Winston-Salem North Carolina Lease Purchase Agreements Package offers residents of Winston-Salem the opportunity to own a home through a lease purchase agreement. This package is designed to provide flexible options for individuals who may not immediately qualify for a traditional mortgage or who prefer a rent-to-own arrangement. A lease purchase agreement, also known as a rent-to-own agreement, is a legal contract that combines elements of a lease agreement and a purchase agreement. This agreement allows tenants to rent a property for a specific period with the option to purchase the property at a predetermined price at the end of the lease term. The Winston-Salem North Carolina Lease Purchase Agreements Package caters to a variety of needs and offers different types of lease purchase agreements to accommodate various financial situations. Some different types of lease purchase agreements available include: 1. Fixed-Term Lease Purchase Agreement: This type of lease purchase agreement has a set term length, typically ranging from one to three years. During this period, the tenant makes monthly lease payments, which often include a portion allocated towards the future purchase of the property. At the end of the specified term, the tenant has the option to purchase the property at a predetermined price. 2. Graduated Lease Purchase Agreement: This type of lease purchase agreement allows for an incremental increase in the purchase price over the duration of the lease. The lease payments may also increase gradually over time, making it an attractive option for tenants who anticipate an increase in their income. 3. Lease with Option to Purchase: This form of lease purchase agreement grants the tenant the option to buy the property at a specific price within a set timeframe. The tenant has the choice to exercise this option or decline it without any obligation to purchase. 4. Step-Up Lease Purchase Agreement: In this type of lease purchase agreement, the monthly lease payments increase annually for a predetermined number of years. The gradual increase enables tenants to adjust to higher payments over time, making homeownership more accessible. The Winston-Salem North Carolina Lease Purchase Agreements Package aims to provide individuals and families in Winston-Salem with a pathway to homeownership, offering flexibility and options for various financial situations. Whether individuals are looking for a fixed-term lease purchase agreement, graduated lease purchase agreement, lease with the option to purchase, or a step-up lease purchase agreement, this package ensures a range of choices to suit different needs and circumstances.
