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Lease to Own Agreement
This lease agreement is made between a landlord and a tenant to lease real property and grants the tenant an option to purchase. This document contains the material terms of the lease agreement including the rent amount, the term of the tenancy, and the permitted uses of the premises. The option to purchase included in this lease gives the tenant the option to buy the property within a specified period under the terms stated in the agreement. Many of the standard clauses commonly used in these types of agreements are included in this document, but it may be customized to ensure that the specific understandings of the parties are properly set forth. This lease agreement should be used by a landlord and a tenant when entering into a residential lease with an option to purchase.