This contract locks in the purchase price today, which is great for the buyer if home values go up, but risky for the seller.
The Landlord agrees to lease the property located at: [Full Address of the Property] .
If the Tenant fails to pay rent or violates the lease, the Option to Purchase is automatically voided, and the Landlord may keep the Option Fee. SIGNATURES: __________________________ (Landlord) Date: __________ __________________________ (Tenant) Date: __________ 💡 A Few Quick Tips: free lease with option to buy contract
To buy the property, the Tenant must provide written notice to the Landlord no later than [Number] days before the lease expires.
The lease begins on [Start Date] and ends on [End Date] . This contract locks in the purchase price today,
Tenant agrees to pay $[Amount] per month, due on the [Day] of each month.
During the lease term, [Landlord/Tenant] is responsible for repairs and maintenance. During the lease term, [Landlord/Tenant] is responsible for
If the Tenant purchases the property, $[Amount] of each on-time monthly rent payment shall be credited toward the purchase price at closing.