CONVERTING TO AGREEMENT. When the Tenant exercises the option to purchase the Premises, the Parties agree to: (check one) ☐ - Execute a New Agreement. The Landlord and Xxxxxx agree to execute a purchase agreement that matches the terms and conditions of this Addendum within ten (10) days of the Tenant exercising their right to purchase the Premises. Any refusal to sign a purchase agreement by the Landlord shall result in a breach of specific performance.
Appears in 23 contracts
Samples: Rent to Own Agreement, Rent to Own Agreement, Rent to Own Agreement
CONVERTING TO AGREEMENT. When the Tenant exercises the option to purchase the Premises, the Parties agree to: (check one) ☐ - Execute a New Agreement. The Landlord and Xxxxxx Tenant agree to execute a purchase agreement that matches the terms and conditions of this Addendum within ten (10) 10 days of the Tenant exercising their right to purchase the Premises. Any refusal to sign a purchase agreement by the Landlord shall result in a breach of specific performance.
Appears in 2 contracts
CONVERTING TO AGREEMENT. When the Tenant exercises the option to purchase the Premises, the Parties agree to: (check one) ☐ ☐ - Execute a New Agreement. The Landlord and Xxxxxx Tenant agree to execute a purchase agreement that matches the terms and conditions of this Addendum within ten (10) 10 days of the Tenant exercising their right to purchase the Premises. Any refusal to sign a purchase agreement by the Landlord shall result in a breach of specific performance.
Appears in 1 contract
Samples: Rent to Own Agreement
