Examples of Lease Option Agreement in a sentence
This Owner Certificate is furnished pursuant to Section 7.3(c) of that certain Lease Option Agreement by and between the California Science Center, also known as the Sixth District Agricultural Association and the University of Southern California, dated as of , 2012, (as originally executed and as amended from time to time thereafter in accordance with its terms, the “Agreement”).
Dated: , 20 CALIFORNIA SCIENCE CENTER (a/k/a Sixth District Agricultural District) By: Name: Title: SCHEDULE 7.4(c) Optionee Certificate This Certificate is furnished pursuant to Section 7.4(c) of that certain Lease Option Agreement by and between the California Science Center, also known as the Sixth District Agricultural Association and the University of Southern California (as originally executed and as amended from time to time thereafter in accordance with its terms, the “Agreement”).
Notice is hereby given that for One Thousand Dollars and other valuable consideration, Owner hereby grants to the UNIVERSITY OF SOUTHERN CALIFORNIA (“Optionee”) an option to lease the Property (the “Option”) on and subject to the terms and conditions contained in that certain Lease Option Agreement between Owner and Optionee dated as of , 2012 (as originally executed and as amended thereafter from time to time in accordance with its terms, the “Option Agreement”).
I understand at the end of the Lease Option Agreement, there will be additional closing documents to sign and upon receipt, I agree to execute and deliver the closing documents as necessary or appropriate either into Escrow or directly to Assignee, as Assignee may direct, in a timely manner.
As a reference, a rent-to-own agreement is known by other names: Rent-to-Own Contract Lease Option Agreement Lease-to-Own Agreement Lease with the Option to Purchase Agreement Lease Purchase Contract Option to Purchase Agreement Contract-to-Deed Agreement Since a rent-to-own contract combines elements of a typical Lease Agreement (rental agreement) and a standard Real Estate Purchase Agreement, there are many details you need to include.