Purchase Price
State the fixed purchase price or formula for calculating price at exercise, including how adjustments for repairs or prorations are handled.
A precise Exhibit A reduces disputes by documenting exact purchase terms, rent credits, timelines, and contingencies in one place, making the option to purchase enforceable and easier to administer.
Common users include landlords, tenants pursuing lease-purchase arrangements, real estate brokers, and attorneys who draft or review closing terms.
State the fixed purchase price or formula for calculating price at exercise, including how adjustments for repairs or prorations are handled.
Describe how monthly rent payments convert to purchase credits, include credit amounts, cumulative treatment, and any caps or forfeiture rules.
Identify the option fee amount, whether it is refundable or applied to purchase price, and how it is documented at closing.
Specify the option period start and end dates, notice requirements for exercise, and methods for delivering exercise notice.
Provide the legal description and street address, include parcel or lot numbers to avoid ambiguity in title and closing.
List inspection, financing, title clearance, and repair allowance conditions, including deadlines and cure processes.
| Field | Configuration |
|---|---|
| Signer Order | Seller first, buyer second |
| Authentication | Email + optional SMS code |
| Retention | Keep signed PDF + audit trail |
| Notifications | Auto-email on completion |
Use a platform that supports PDF and DOCX, preserves an audit trail, and allows role-based signer order for Exhibit A execution.
MM/DD/YYYY when the option and credits begin.
Last date buyer may deliver written exercise notice.
Scheduled or target closing date for purchase completion.
Final date to complete property inspections and request repairs.
Dates when rent credits apply and how they post.
Exhibit A executed by all parties and attached to lease.
Effective date triggers inspection and credit accruals.
Buyer delivers formal written notice within option window.
Title cleared, funds transferred, and deed recorded.
If the seller is an individual, the owner signs. For corporations or LLCs, authorized officers or managers must sign and include title; attach evidence of authority when possible to avoid disputes.
The tenant or prospective buyer must sign to accept option terms; where financing or assignees are involved, include assignment and consent language and signatures.
A landlord adds Exhibit A to document $150,000 purchase price and $200 monthly rent credit
An investor uses Exhibit A to specify a price formula tied to appraisal value
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |