The following information has been developed to answer your questions regarding formation of an LLC and to assist in the filing of the Articles of Organization. Complete such lotteries and lease-up processes within the Original Housing Connect.Facilitate lease-to-purchase agreements in New York with our customizable template. Ensure legal compliance and secure your property with confidence. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. 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 form is an Option to Purchase, also known as a Lease Purchase Option.