Give your residential tenant an option to purchase the rental premises with this Lease to Purchase Option Agreement for the USA.
- The Agreement is pursuant to an existing lease for the premises, and grants the tenant an exclusive non-assignable option to purchase the property.
- Upon execution of the Agreement, the tenant will pay an option fee which will be applied against the purchase price if the tenant exercises the option to purchase. If the tenant elects not to complete the purchase, the fee will be retained by the landlord.
- A portion of each month's rent which has been paid on time under the lease will be applied to the purchase price.
- All closing costs and fees will be paid by the tenant at the time of closing.
This USA Lease to Purchase Option Agreement
template is available in MS Word format, and is fully editable to fit your specific circumstances.