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Indiana Lease Purchase Agreements Package

Real Estate Contract

Name: Indiana Lease Purchase Agreements Package
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.65 (422 reviews)

Category:

Indiana Real Estate - Lease Purchase

State:

Indiana

Control #:

IN-P033-PKG

Format:

Instant download

Description In Purchase Agreements

This package contains the forms that are necessary for sellers and purchasers to enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand. With this package, you will find the essential forms to assist you in successfully entering into and executing a commitment to purchase or sell real property.

The documents in this package include the following:

1) Contract for Lease and Mandatory Purchase of Real Estate-Specific Performance Clause;
2) Contract for Lease and Purchase of Real Estate- Purchase by Date or Leave;
3) Personal Guaranty of Contract for the Lease and Purchase of Real Estate; and
4) Residential Real Estate Sales Disclosure Statement.

Purchase this package and save up to 30% over purchasing the forms separately!

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Form Estate Contract Other Form Names

Indiana Purchase Form Indiana Purchase Agreement Lease Purchase Agreements Form Form Seller Contract Multi Form Estate Indiana Purchase Document Indiana Lease Purchase

Real Estate Descriptions FAQ

The Lease Must be in Writing It does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.

Details to include: Tenant/Buyer: The name and address of the party who is leasing the property and obtaining the option to purchase. Property: The address and legal description of the property. Rent Payments: The amount of the monthly rent payments and any late fees.

Document everything in writing. Keep a written record of everything that is agreed on, and be careful to use the right terms in the agreement. Consult an attorney. Use separate agreements. Keep the term short. Take a security deposit. Pay like an owner. Factor in repair costs. Don't give large rent credits.

In a standard Lease-Purchase Contract, the two parties agree to a lease period during which rent is paid, and the terms of the sale at the end of the lease period, including sale price. Often, the contract is structured in two parts, one representing the lease term and the other a contract of sale.

A lease purchase agreement in real estate is a rent-to-own contract between a tenant and a landlord for the former to purchase the property at a later point in time. The renter pays the seller an option fee at an agreed-upon purchase price, giving them exclusive rights to buy the property.

The California Residential Lease Agreement-With Option to Purchase is a form used specifically for a purchase agreement that begins as landlord-tenant lease agreement.

You sign one of two types of agreements. You and the landlord set a purchase price. You pay an option fee. You decide how long the rental term will be. Maintenance roles will be defined. Your monthly payment covers rent and down payment savings. When the rental term nears its end, you apply for a mortgage.

Real Estate Contract

Description In Purchase Agreements

In Lease Purchase Related forms

How to fill out Indiana Purchase Template?

Show more info

Indiana Purchase Agreements Form Rating

Indiana Purchase Contract Form popularity

Form Estate Contract Other Form Names

Real Estate Descriptions FAQ

Can I write my own lease agreement?

What should be included in a rent to own agreement?

How do I write a lease agreement?

How do you structure a lease purchase agreement?

What is a typical lease to purchase agreement?

What form is used in a lease purchase agreement?

How do you structure a lease to own deal?

Lease Purchase Agreement Property Trusted and secure by over 3 million people of the world’s leading companies

Real Estate Contract

Description In Purchase Agreements

In Lease Purchase Related forms

Related legal definitions

How to fill out Indiana Purchase Template?

Show more info

Lease Purchase Agreement Property Trusted and secure by over 3 million people of the world’s leading companies