Rent to Own Contract
Tenant's Name
Address
Street Address
Street Address Line 2
City State / Province
Postal / Zip Code
Landlord's Name
Address
Street Address
Street Address Line 2
City State / Province
Postal / Zip Code
The leased property
Address of leased property
Street Address
Street Address Line 2
City State / Province
Postal / Zip Code
Description of Property
Date Start of Lease
Month Day Year
Date
Lease Term
month-to-month annual
Lease term amount
Security Deposit Amount
Number of days to return Security Deposit
Address for receiving Rent payment
Street Address
Street Address Line 2
City State / Province
Postal / Zip Code
Subletting
allowed not allowed
Purchase Amount
Purchase Option Downpayment
Option to Purchase Start
Month Day Year
Date
Option to Purchase End
Month Day Year
Date
Governing law
Enter the State or Country that this contract will
This rent-to-own agreement is executed by and between the parties:
{tenantsName}, whose address is located at {address}; and
{landlordsName}, whose address is located at {address6}.
WHEREAS, Landlord is the owner of a certain real estate property located at {addressOf} with the following description:
{descriptionOf}
WHEREAS, the Landlord and the Tenand desires to lease the premises specified above.
WHEREAS, the Tenant desires to exercise the option of purchasing the leased premises under the conditions provided herein from the offer of the Landlord on the Tenant's option to purchase.
NOW, THEREFORE, for and in consideration of the covenants and obligations contained herein, the Parties hereto hereby agree as follows:
LEASE TERM AND RENT
The Landlord agrees to lease the property to the tenant on {dateStart} and shall continue on {leaseTerm} basis at the amount of {leaseMonthly} which shall ba paid at the Landlord's specified address at {addressFor}.
RENT AMOUNT
The Tenant shall pay a rent amount of {leaseTerm13} for the term period agreed upon.
UTILITIES
Utilities and other bills required for the maintenance and operation of the premises shall be paid by the Tenant.
SECURITY DEPOSIT
The Tenant shall pay an amount of {securityDeposit} for the term period agreed upon. Such deposit shall be within the possession of the Landlord and be used for any damages incurred in the property during the existence of the lease contract.
RETURN OF DEPOSIT
Upon termination of the lease contract, the Landlord shall return the remaining security deposit to the tenant within but not more than {numberOf} days.
MAINTENANCE AND REPAIRS
Ordinary maintenance and repairs during the tenancy agreement shall be borne by the Tenant. Extraordinary repairs however which by circumstances caused by fortuitous events shall be borne by the Landowner.
ALTERATIONS
No alterations or modifications can be made by the Tenant without the proper and written consent of the Landlord. Any changes or modifications made by the Tenant upon expiration of the lease shall be returned by the Tenant at his own expense.
SUBLETTING
The premises is {subletting} for subletting with the consent of the Landlord prior consent.
HAZARDOUS MATERIALS
Tenant shall not keep any dangerous, flammable, noxious materials that might risk the safety of the community in the area.
PURCHASE OPTION
The Landlord offers the Tenant in this agreement an Option to Purchase the property for the total price of {purchaseAmount}, with all the terms and conditions provided herein.
PURCHASE OPTION PERIOD
The option to purchase the property herein shall commence on {optionTo} and shall cease or expire on {optionTo24}.
OPTION MONEY
In consideration of purchasing the property, the Tenant agrees that a non-refundable amount of {purchaseOption} shall be paid to the Landlord at anytime within the Purchase Option Period. This amount shall be credited to be part of the total contract price for the purchase amount of the property here indicated.
NON-EXERCISE OF OPTION TO PURCHASE
In the event that the Tenant does not exercise the right to purchase the property, the Parties will maintain to the lease agreement and shall return the property to the Landlord upon expiration of the lease in the event of non-renewal.
EXCLUSIVE RIGHT
This Option of Right to Purchase is an exclusive right and is non-transferrable. Only the Tenant herein this agreement shall be able to exercise the option to purchase. Any reconveyance of the right to purchase to a person not party to this agreement shall be void.
SEPARABILITY
In case any of the provisions herein should be considered invalid by any competent court, such invalidity will only apply to such invalid provision and the rest shall remain valid and enforceable.
NON-WAIVER
No waiver shall be presumed as having been made in any case whether willful or implied, unless otherwise set forth in writing and signed by the contracting parties heretp.
MODIFICATION AND ALTERATION
No modification shall be considered as having been made in this agreement unless otherwise set forth in writing by the contracting parties hereto.
GOVERNING LAW
This agreement shall be governed, interpreted and construed conforming to the legal system of {governingLaw26}.
Landlord/Seller
Clear
Tenant/Buyer
Clear
Date Signed by Landlord/Seller
Month Day Year
Date
Date Signed by Tenant/Lessee
Month Day Year
Date
Should be Empty:

Rent to Own Contract

The leased property