Safely lease your property using a lease-to-purchase agreement North Carolina. Learn the legal considerations and what terms the contract should contain.A North Carolina rent-to-own lease agreement is a lease that also grants the tenant an option to purchase the property. A lease purchase agreement between a tenant and a landlord allows the renter the option to eventually buy the property. North Carolina General Statutes Chapter 47G. Option to Purchase Contracts Executed with Lease Agreements Section 47G-1. AN ACT TO ENACT THE LEASE-PURCHASE AGREEMENT ACT. 2. A North Carolina renttoown agreement provides a tenant who is renting a residence the opportunity to purchase it during the contract term.