For more information on this innovative Lease with Right To Purchase program, please call 972-980-6672 or fill out the form below. Option contract combines a basic lease contract with an option to purchase contract.Because there are so many risks involved with a lease purchase agreement, this article will focus primarily on lease option agreements. "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. This lease contract is made and entered into in accordance with and subject to the provisions of the Texas. A lease purchase agreement between a tenant and a landlord allows the renter the option to eventually buy the property. Lessee shall engage the general contractor which shall furnish all supervision, tools, implements, machinery, labor, materials and accessories such as are. The total rent for the term hereof is the sum of. A lease with option to buy is a lease that states that the person leasing the property has the right to purchase it at the end of the lease period. Try it for free today.