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Enter the full legal name of this party exactly as it appears on their ID or business registration.
Enter the full legal name of this party exactly as it appears on their ID or business registration.
A Lease-to-Own Agreement allows a tenant to rent a property for a set period with an option — but not an obligation — to purchase it at a pre-agreed price before the option expires. A portion of each rent payment is typically credited toward the down payment. Benefits buyers who are not yet mortgage-ready and sellers who want to lock in a future buyer while generating rental income. Fill out this free lease-to-own agreement template online, e-sign it digitally, and download a legally valid PDF. no account or lawyer needed. Sections: Parties, Terms.
This Lease-to-Own Agreement is made between ______________ ("Seller/Landlord") and ______________ ("Buyer/Tenant") for the property located at ______________.
The lease term begins ______________ and continues for 12 months, with monthly rent of $0.00 due on the first day of each month.
Buyer/Tenant shall pay a non-refundable option fee of $0.00, which shall be credited to the purchase price if Buyer/Tenant exercises the purchase option.
Buyer/Tenant has the exclusive option to purchase the Property for $0.00 at any time during the lease term. 20% of monthly rent payments made timely shall be credited toward the purchase price.
During the lease term, Buyer/Tenant shall maintain the Property in good condition and pay for all utilities and routine repairs.
If Buyer/Tenant defaults, the purchase option and all rent credits shall be forfeited.
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________, without regard to its conflict-of-laws principles.