Product Description

NE0149 Lease with Option to Purchase Agreement Template – English

Product description

This is a Namozaj Lease with Option to Purchase Agreement Template in English.

We also have an Arabic version with Template Number NA0149.

Why you should buy this template?

This template combines a basic lease contract with an option to purchase contract, which creates a Lease to Purchase Agreement which is the quickest, easiest and least expensive way to buy, sell and invest in real estate. If you are a Tenant it is important that the Terms of the Agreement are clear, concise and defined.

As a Landlord, you will be able to use this template for all your clients and is easily tailored.

This template is an agreement that covers all the areas required for Lease to Purchase Option including the fact that the tenant/buyer pays to the landlord/seller a nonrefundable option deposit that is applied to the purchase price of the home. The tenant/buyer then pays to the landlord/seller rent to compensate the landlord/seller for the tenant/buyer’s use of the property. Rent payments are usually made on a monthly basis. A portion of that monthly payment is often applied to the purchase price and/or the down payment of the home. During the term of the lease, but before the option expires, the tenant/buyer has exclusive right to buy the home under the terms to which both parties have previously agreed.

Template content  

This template includes the following sections:

Preamble

1. Option term
2. Option Exclusivity
3. Notice for Purchase Option
4. Option Considerations
5. Acquisition Price
6. Closing Arrangements
7. Breach by Tenant/Buyer
8. Compensation
9. Amendments
10. Interpretations
11. Timing
12. Binding Agreement
13. Finance Disclaimer
14. Representations
15. Jurisdiction
16. Parties Signatures

For whom is this template designed and for which country?

This template is designed for English speaking countries.

Template Category: Legal.

Skills used in designing this template: Legal drafting expertise.

Price: The normal price of this template is 500 USD, you can get it now for 50 USD.