Common use of Early Buyout Option Clause in Contracts

Early Buyout Option. At any time after the first rental payment is made, the Renter may exercise the early buyout option described herein to acquire ownership of the property, provided that all payments required by the Agreement are current and the Agreement has not been terminated by default. The renter shall pay the balance of the Rent-To-Own price due, less 20%, and less the remaining optional maintenance plan fees.

Early Buyout Option. At any time after the first rental payment is made, ; the Renter may exercise the early buyout option described herein to acquire ownership of the property, provided that all payments required by the Agreement are current and the Agreement has not been terminated by default. The renter shall pay the balance of the Rent-To-Own price payments due, less 20%, and less the remaining optional maintenance plan fees.