Notice of Tenant's Intention to Exercise Purchase Option

Tenants, exercise an option to purchase your rental property with this free Notice of Intention to Exercise Purchase Option form.

• If your lease contains a provision granting you an option to purchase the property, there will be a clause describing how you need to notify your landlord that you want to exercise the option.
• This form is generic and can be used anywhere.
• You can download the customizable MS Word template, or copy and paste the text below.

NOTICE OF INTENTION TO EXERCISE PURCHASE OPTION

Date: ____________________________, 20_____

TO: _______________________________________ (name of landlord)
______________________________________________________________________________ (address of landlord)

Notice is hereby provided that the undersigned as Lessee under that certain lease (the /Lease/) dated _____________________, 20_______ does hereby exercise the purchase option granted under the Lease to purchase the property described as:

(give the address of the rental property, or if it's a rural property, give the legal description)

for the option price of $___________________.

As provided in the Lease, enclosed herewith is a (check / money order) in the amount of $___________ to be applied as a deposit toward the purchase option.



___________________________________________
(Signature of Lessee)