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Purchase Agreement – The contract becomes a purchase agreement if the Tenant decides to buy the property.
A Texas lease-to-own lease is a regular rental agreement with an option for the Tenant to buy the property. The sale terms are agreed upon before signing. If the Tenant decides to buy, a purchase agreement is made. If the Tenant does not buy, the lease ends.
A Texas lease-to-own lease is a regular rental agreement with an option for the Tenant to buy the property. The sale terms are agreed upon before signing. If the Tenant decides to buy, a purchase agreement is made. If the Tenant does not buy, the lease ends.