Rent-to-Own Option-to-Purchse

California Rent to Purchase Option Agreement 1 pdf California Rent-to-Own Lease Agreement Template

CA Leasing Laws

Landlord-Tenant Relationship Laws: Civil Code – Division 3, Part 4, Title 5, Chapter 2 (Hiring of Real Property)Rent-to-Own / Purchase Agreement Laws: Civil Code – Division 2, Part 4 (Acquisition of Property)

Sample California Rent-to-Own Lease Agreement Template

PDF | Word

LEASE TO PURCHASE OPTION AGREEMENT 1 pdf Free Lease-to-Own Agreement Templates

By State

Lease-to-Own Agreement Process Steps

Negotiate the Rental Terms

Landlord and tenant must agree on the following in a lease to own agreement:

  • Monthly Rent Amount
  • Lease Term (Start and End Dates)
  • Security Deposit (if any)
  • Utilities and Services

The Option to Purchase Terms

After finalizing rental terms, decide:

  • Purchase Price
  • Downpayment
  • Option Term
  • Option Fee (if any)

The lease-purchase terms often include a condition that both parties agree to enter a purchase agreement in “good faith.”

Screen the Tenant

Verify Tenant Income

The tenant provides:

  • Bank Statements (last 2-3 months)
  • Pay Stubs (last 2 weeks)
  • Tax Returns (last 2 years)
  • Employment Verification

Sign the Lease with Purchase Option

Both parties sign the agreement. Tenant provides:

  • First Month’s Rent
  • Security Deposit
  • Prorated Rent (if applicable)
  • Additional Fees (pet fees)

Tenant Moves In

Tenant moves in per the lease start date, introduces themselves to neighbors, and follows property rules.

Activate Purchase Option

Tenant informs the landlord of their intent to buy, often with an earnest money deposit.

Enter a Purchase Agreement

Parties agree on:

  • Financing Contingency
  • Inspection Periods
  • Repair Negotiations
  • Property Survey
  • Closing Date

Include Required Disclosures

Seller provides disclosures about property defects and includes the Lead-Based Paint Disclosure (if built before 1978).

Close the Sale

Closing the sale includes the following:

  • Making sure the Buyer funds are available, transfers payment, and receives the deed.
  • The deed is recorded at the county office, officially transferring ownership.

Sample Lease to Own Agreement

ALASKA LEASE TO PURCHASE OPTION AGREEMENT 1 pdf Alaska Rent-to-Own Option to Purchase Agreement

Laws

This contract agreement is governed by Alaska’s Uniform Residential Landlord & Tenant Act (Title 34, Chapter 3).

Sample Alaska Rent-to-Own Option to Purchase

alabama lease to own option to purchase agreement pdf Alabama Rent-to-Own Lease Agreement Template

What to Include in an Alabama Lease-to-Own Agreement?

An Alabama lease-to-own (or rent-to-own) agreement lets a tenant rent a property with the option to buy it later. This type of deal includes parts of the regular lease with a purchase contract. It includes rent details, security deposits, late fees, and rules on occupancy, furnishings, utilities, and pets. The agreement covers maintenance, property access, and tenant rights if the landlord sells the property.

Lease Details, Option Fees, and Purchases

  • Lease Details – The agreement should include the lease length, monthly rent, payment dates, late fees, and who is responsible for maintenance and repairs.
  • Purchase Option – This gives the Tenant the choice (but not the obligation) to buy the property. It includes the purchase price, how to exercise the option, and any rent that goes toward the purchase price.
  • Option Fee – Tenants pay a non-refundable option fee to have the option to buy in future.

Landlord-Tenant Laws, Terms, and Required Disclosures

  • Landlord-Tenant Laws – Lease-to-own agreements are under Alabama’s landlord-tenant laws – the Uniform Residential Landlord and Tenant Act. It covers rental agreements, Tenant rights, and Landlord duties.
  • Required Disclosures – Landlords must follow state and federal disclosure laws.

Attach Addendum

  • An attached lease addendum includes the purchase option, price, financing, inspection period, any fixtures or personal property that come with the sale, rules on disputes, property safety, and lead paint disclosure.

Sample Alabama Rent-to-Own Lease Agreement

Alabama Lease-to-Own Purchase Agreement Checklist

✅ Before Signing Checklist

✅ After Signing Checklist