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Rent to Own Contract

ABOUT THIS DOCUMENT

This document provides a checklist of what tenants and landlords should consider before entering into a rent to own agreement. This document also provides a template rent to own application and a template rent to own contract. In a rent to own agreement the tenant pays a monthly rent but a portion of the rent goes toward the purchase of the property; this may also be called an option to buy contract. This document is useful to either a prospective tenant/ buyer or to a landlord, and should be consulted before entering into a rent to own agreement.

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This document provides a checklist of what tenants and landlords should consider

before entering into a rent to own agreement. This document also provides a template

rent to own application and a template rent to own contract. In a rent to own agreement

the tenant pays a monthly rent but a portion of the rent goes toward the purchase of the

property; this may also be called an option to buy contract. This document is useful to

either a prospective tenant/ buyer or to a landlord, and should be consulted before

entering into a rent to own agreement.

____________________________

TELEPHONE:



CONTACT:



REPORT TYPE(S): CREDIT [ ] EVICTION [ ]

Applicant[ ] / Spouse [ ] / Both [ ]



FULL SERVICE [ ] (Above Reports & Verify Employer / Landlord)



ACCESS NUMBER:



________________________

FAX:

DATE: TIME:



NC CRIMINAL [ ]



Other (Please Specify):



________________________.Property Management USE ONLY:





RENT PER MONTH



$



DEPOSIT TAKEN



$



Total



Ck# Amt$







LAST MONTH RENT TAKEN? YES OR NO



HOW MUCH?





TERMS: APPLICANT CERTIFIES THAT ALL INFORMATION GIVEN TO EVALUATE THIS APPLICATION TO RENT / LEASE IS

CORRECT AND COMPLETE. APPLICANT AUTHORIZES ALL INQUIRIES BY RENTAL OWNER OR OWNER’S AGENT OR NATIONAL

TENANT NETWORK DEEMED NECESSARY TO EVALUATE THIS APPLICATION. APPLICANT FURTHER UNDERSTANDS THAT ANY

FALSE, INACCURATE, OR INCOMPLETE INFORMATION IS GROUNDS FOR IMMEDIATE REJECTION. APPLICANT SPECIFICALLY

AUTHORIZES AND REQUESTS ALL PRESENT AND PREVIOUS EMPLOYERS, MORTGAGE HOLDERS, LANDLORDS, RENTAL AGENTS,

CREDIT GRANTORS, BANKS, ACCOUNTANTS, STOCK BROKERS, AND ANY GOVERNMENT AGENCY TO RELEASE ANY

REQUESTED INFORMATION IN THE EVALUATION OF THIS APPLICATION. THIS FORM IS PROVIDED BY O.P.M ENTERPRISES INC.

TO ASSIST ITS MEMBERS IN PROCESSING THEIR APPLICATIONS TO RENT OR RENT TO OWN RENTAL PROPERTY. ___________.

SHALL NOT BE RESPONSIBLE FOR THE USE OR APPLICATION OF THIS FORM BY OTHERS OR ANY LEGAL ASPECT AS TO A

LEASING / RENTAL AGREEMENT ENTERED INTO BY ANY PARTIES USING THIS FORM.





© Copyright 2013 Docstoc Inc. registered document proprietary, copy not 2

USE BLACK INK AND PLEASE PRINT CLEARLY! VERIFY I.D. / SSN / ADDRESS INFO!



Applicant:_______________________________________ SSN# __________/_____/_________

LAST FIRST MIDDLE



Drivers Lic. # / State: ______________________/_______ DOB: _________/_____/__________



Spouse:_________________________________________ SSN# __________/_____/_________

LAST FIRST MIDDLE



Drivers Lic. # / State: ______________________/_______ DOB: _________/_____/__________



Present Address:________________________ Rent Amt: _____________ Reason for Leaving:_________________________



City:_____________________ State:________ Your Home Phone: ( )_____________________

Zip:

_________________

_

Buying [ ] Renting [ ]

Current

Landlord:_____________________________ Phone ( )____________ Date From:________to_________





Previous Address:_______________________ Rent Amt: _____________ Reason for Leaving:____________

Has an eviction ever been filed

City:_____________________ State:________ against you? Yes/ No

Zip:

_________________

_

Buying [ ] Renting [ ]

Previous

Landlord:_____________________________ Phone ( ) ___________ Date From:________to_________



Present Employer:_______________________ Phone ( )____________



Position:_______________________________ Supervisor: _________________________



Date From:_____________to______________ Gross Income: $________per week [ ] month [ ] yr [ ]

Other Income____________________________



Bank Name:____________________________ Savings Acct # _____________Checking Acct# ____________



Spouse’s Employer:______________________ Phone ( )____________



Position:_______________________________ Supervisor: _________________________



Date From:_____________to______________ Gross Income: $________per week [ ] month [ ] yr [ ]

Other Income____________________________



Bank Name:____________________________ Savings Acct # _____________Checking Acct# ____________

Others who will occupy premises:





© Copyright 2013 Docstoc Inc. registered document proprietary, copy not 3

Auto make Yr Tag# Auto Make Yr Tag# Other vehicles Y/N





Do you have any pets? Yes or No Do you or anyone who lives with you, smoke? Yes or No



I declare the above information is true and correct, authorize its verification, authorize the obtaining of a consumer credit report,

understand the application fee(s) will not be refunded
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