Features straightforward, one-page printable PDF and Word documents.
What happens if the tenant chooses not to buy the home by the end of the term (typically the option fee is forfeited). Benefits for Both Parties For the Buyer/Tenant For the Seller/Landlord Time to improve credit scores or save for a down payment. Attracts long-term tenants who treat the home like owners. Locks in a purchase price in a rising market.
The specific duration (usually 1–3 years) during which the tenant can exercise their option to buy. free printable lease with option to buy form
Because this involves a significant real estate transaction, it is highly recommended to have a local real estate attorney review your completed form before signing.
A portion of the monthly rent that may be applied toward the eventual down payment or purchase price. Attracts long-term tenants who treat the home like owners
A non-refundable upfront payment (also called "option consideration") that gives the tenant the legal right to buy the home.
A comprehensive printable form should include these essential elements to protect both the landlord and the tenant: Because this involves a significant real estate transaction,
Potential for a higher sales price and non-refundable option fees. "Test drive" the home and neighborhood before committing. Continuous rental income while waiting for the final sale.