An Ohio renttoown agreement enables a tenant to rent a dwelling and secure the ability to purchase the property. A lease purchase agreement between a tenant and a landlord allows the renter the option to eventually buy the property.Description: This example of an agreement between a developer and a lease- purchaser is intended to illustrate how NSP grantees, subrecipients. "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. An Ohio rent-to-own lease agreement allows a landlord to rent a property while giving the tenant an option to buy. The issue of whether your legal agreement is a land contract or a lease with option to purchase agreement can come up in various contexts. Use an Ohio RenttoOwn Agreement tailored for a seamless transition from renting to home ownership. Available in both PDF and MS Word. Rent-to-own agreements include a standard lease agreement and also an option to buy the property at a later time. Topurchase agreement Ohio template is a lease that can convert to a purchase agreement.