Residential Lease Agreement with Option to Purchase

This Residential Lease Agreement with Option to Purchase is for use by a landlord who gives a tenant the option to purchase the rental property. This lease agreement with option allows a tenant to rent the property and exercise an option to purchase the property at a predetermined price within a certain amount of time (usually the beginning and ending dates of the lease). It also sets out the amount of monthly rent and security deposit and a provision which sets out the option to purchase in detail. This form also includes a useful Premises Inspection Sheet. (continued ...)