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.You may purchase them from an online legal for ms supplier or an off ice supply store. 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. The written notice must state the amount of rent owed and the date the notice was given to the tenant. Whether you're a renter or a landlord, you have certain rights and responsibilities when entering into a lease agreement. Just call customer service at 8138130800 and request them to email it to you. "A lease option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property at a specified price. List your home for rent. As a tenant, you must pay the rent and security deposit and follow all other legal requirements in the lease agreement.