This Residential Lease Agreement with Option to Purchase Option to Purchase is entered into by and between the lessor and the lessee. The lessor agrees not to offer the residence for sale to anyone during the term of the lease, and to give the lessee (tenant) the option to purchase the residence at any time prior to the expiration of the lease, provided the lessee gives notice of intent to purchase in accordance with the provisions of the Agreement. At that point, a separate contract of sale will be executed and the sale will proceed as any sale would.
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