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Leases
Michigan Notice of Option for Recording

Real Estate Rent With Option To Buy

Category:

Michigan Real Estate - Options

State:

Michigan

Control #:

MI-OPTION-5

Format:

Instant download

Description

This Memorandum and Notice of Option Agreement is for recording in the official records in order to provide notice that an Option to Purchase exists on a certain parcel of real estate. It is used in lieu of recording the entire Option Agreement.

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Real Estate Rent With Option To Buy

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Interesting Questions

What is rent with option to buy?

How does rent with option to buy work?

Is the option fee refundable?

How is the purchase price determined?

Can the tenant negotiate the purchase price?

What happens if the tenant does not exercise the option to buy?

Can the tenant make improvements to the property?

Who is responsible for repairs and maintenance during the rental period?

Can the landlord increase the rent during the rental period?

What are rent credits?

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