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Option to Purchase Addendum to Residential Lease Lease or Rent to Own Indiana Form

Option to Purchase Addendum to Residential Lease Lease or Rent to Own Indiana Form

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Instructions and help about Option To Purchase Addendum To Residential Lease Lease Or Rent To Own Indiana

what is rent to own rent to own in real estate refers to a contractual agreement where a tenant has the option to purchase the property they are renting after a certain period the tenant pays a monthly rent part of which may be credited towards the property's purchase price this Arrangement typically involves a lease option or a lease purchase agreement in a lease option the tenant has the right but not the obligation to buy the property at an agreed upon price within a specified time frame the landlord must sell if the tenant decides to exercise this option in contrast a lease purchase agreement requires the tenant to buy the property at the end of the lease 10 for example let's say you enter a lease option for a house you pay a monthly rent of $15,000 rents and the list grants you the option to purchase the house for 2.5 million within the next 3 years if you decide to buy a portion of your monthly rent may be credited towards the perchase price however if you choose

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