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Lease Purchase Agreement

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6 Rent to Own Contract Samples from lease purchase agreement , image source: www.sampletemplates.com

lease purchase contract a lease purchase contract also known as a lease purchase agreement is the heart of rent to own properties it bines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home it is a shortened name for lease with option to purchase contract the basics of lease options and purchase sales today options to purchase lease options and lease purchase agreements are three separate financing documents they re very similar but they differ in the finer details residential lease with an option to purchase agreement the residential lease with an option to purchase agreement gives a tenant the right to purchase the property in accordance with the terms set in the agreement lease purchase agreement template a lease purchase agreement is a great option when somebody is looking to a house but cannot pay the lump sum money at once in this case you take the property on lease and go on depositing monthly payments a portion of which will go to the down payment of the house

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