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Purchase Agreement – The contract becomes a Michigan purchase agreement if the Tenant decides to buy the property.
Sample Michigan Rent-to-Own Lease Agreement
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A Michigan rent-to-own lease agreement lets a tenant rent a property with the option to buy it later. The purchase terms are set when the lease is signed. The landlord checks the tenant’s finances to confirm they can afford the rent and future purchases.
A Michigan rent-to-own lease agreement lets a tenant rent a property with the option to buy it later. The purchase terms are set when the lease is signed. The landlord checks the tenant’s finances to confirm they can afford the rent and future purchases.