Illinois Lease Agreement with Option to Purchase Real Estate
State:
Multi-State
Control #:
US-LT-RL-RA-20-1
Format:
Word;
Rich Text
Instant download
Description
This is a sample Lease Agreement with an Option to Purchase Real Estate. A lease purchase agreement between a tenant and a landlord allows the renter the option to eventually buy the property. Additionally, 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. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.
Free preview
