Residential Lease Agreement with Option to Purchase (England and Wales)

This Residential Lease Agreement with Option to Purchase is for use by a landlord who gives the tenant the option to purchase the rented property. This lease agreement with option allows the tenant to rent the property and to exercise an option to purchase the property for a set price within a certain timeframe. This lease agreement sets out the amount of monthly rent and security deposit and also contains a provision which sets out the option to purchase in detail. A helpful Premises Inspection Checklist is also included along with this lease agreement. (continued ...)