Common Contracts
1 similar Lease to Own Agreement contracts
Simple lease to own agreementLease to Own Agreement • June 5th, 2023
The rent-to-own lease agreement is a well-known contract in the real estate business. This type of agreement gives the individual renting the property the right to purchase the residence at any time during the course of the lease. In order to put this into effect, the landlord and tenant must transcribe the arranged terms to the contract and provide their signatures within the proper areas of the form. Users must specify details related to the rental aspect of the agreement, the time period in which the option to buy is active, and the sum of money needed to acquire the property. Once the agreement is completed and signed, the deal is finalized and both parties are bound to uphold the contractual provisions of the document. Rental Application – When approached by individuals interested in leasing a property, the landlord/owner will usually distribute this form for the purpose of acquiring their personal information to run a background check on their criminal past, credit history, and c
