Facilitate lease-to-purchase agreements in New York with our customizable template. Ensure legal compliance and secure your property with confidence.A New York lease agreement is a binding contract that allows a landlord to rent residential or commercial space to a tenant in exchange for payment. This booklet explains many of these laws you need to know and provides resources where you can find more information about landlord and tenant issues. A New York renttoown agreement is a rental contract in which a tenant may acquire ownership of the property during the option period. If Buyer extends, Seller may want to: (1) have Buyer bear the risk of changes in circumstances (e.g. To avoid disputes, the parties may wish to enter into a written agreement.