Financial
Rent-to-Own Agreement
Financing arrangement combining rental and purchase option, allowing tenant to apply rent payments toward eventual ownership while building equity over time.
Key Clauses
1
Property Description T
Defines property description t terms and conditions.
2
Lease Terms
Defines rental period, monthly payments, and tenant responsibilities during lease phase.
3
Purchase Option
Grants tenant right to purchase property at predetermined price within specified timeframe.
4
Rent Credits
Specifies portion of rent payments applied toward purchase price if option exercised.
5
Property Maintenance
Defines maintenance responsibilities between owner and tenant during rental period.
6
Insurance And Taxes
Allocates responsibility for property insurance, taxes, and other ownership costs.
Use This Template
When You Need This
- Renting property or equipment
- Establishing landlord-tenant relationships
- Defining rental terms and responsibilities
- Securing financing or investment