Description: This example of an agreement between a developer and a lease- purchaser is intended to illustrate how NSP grantees, subrecipients. A lease purchase agreement between a tenant and a landlord allows the renter the option to eventually buy the property.This interactive legal form creates a standard lease for a residential property, with provisions for the tenants to exercise an option to buy the property. LEASE AGREEMENT BETWEEN DEVELOPMENT AUTHORITY OF FULTON COUNTY AND from ADESA INC filed with the Securities and Exchange Commission. NYCHA residents, applicants, and Section 8 voucher holders can conveniently view their information and complete certain transactions online, anytime. There are three approaches to giving a tenant rights to purchase property: an option to purchase, a right of first refusal, and a right of first offer. The repair cost will be added rent. Apply for Chicago, IL apartments for rent. Apartments range from studios to 1-3 bedroom apartments for rent. Typically spanning a fixed period, leaseoption arrangements provide renters the chance to evaluate the property before committing to ownership.