We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept
  • US Legal Forms
  • South Carolina Option to Purchase Addendum to Residential Lease -...

South Carolina Option to Purchase Addendum to Residential Lease - Lease or Rent to Own

Category:
Landlord Tenant - Residential Leases - Purchase Options
State:
South Carolina
Control #:
SC-00547
Format:
Word; 
Rich Text
Instant download
Buy now

Description South Carolina Lease Agreement

This Option to Purchase Addendum to Residential and Lease Agreement is entered into by and between the lessor and the lessee. The lessor agrees not to offer the residence for sale to anyone during the term of the lease, and to give the lessee (tenant) the option to purchase the residence at any time prior to the expiration of the lease, provided the lessee gives notice of intent to purchase in accordance with the provisions of the Addendum. At that point, a separate contract of sale will be executed and the sale will proceed as any sale would.


Please note: This Addendum form is NOT a lease agreement. You will need a separate Residential Lease Agreement. The Addendum would be attached to that Agreement


Related forms

form-preview
Small Estate Affidavit for Estates under $50,000

Small Estate Affidavit for Estates under $50,000

View this form
form-preview
Notice of Intention to Evict with Demand for Rent or Possession of the Premises

Notice of Intention to Evict with Demand for Rent or Possession of the Premises

View this form
form-preview
Summary Administration Package for Small Estates

Summary Administration Package for Small Estates

View this form
form-preview
Judgment of Eviction

Judgment of Eviction

View this form
form-preview
Complaint for Eviction

Complaint for Eviction

View this form

Viewed forms

form-preview
Job Share Proposal and Agreement

Job Share Proposal and Agreement

View this form
form-preview
Complaint For False Arrest and Imprisonmen...

Complaint For False Arrest and Imprisonment - 4th and 14th Amendment, US Constitution - Jury Trial Demand

View this form
form-preview
Affidavit of Principal that Power of Attor...

Affidavit of Principal that Power of Attorney not Revoked and in Full Force with Witnesses

View this form
form-preview
Petition for Name Change

Petition for Name Change

View this form
form-preview
Last Will and Testament for Married person...

Last Will and Testament for Married person with Adult Children from Prior Marriage

View this form
form-preview
Securities Exchange Act Sec. 14(a) - 15 U....

Securities Exchange Act Sec. 14(a) - 15 U.S.C. 77n - Rule 14a-9 17 C.F.R. Sec. 14a-9 - Solicitation of Proxies

View this form
form-preview
Bulk Sales Agreement

Bulk Sales Agreement

View this form
form-preview
Notice of First Stockholders Meeting - Cor...

Notice of First Stockholders Meeting - Corporate Resolutions

View this form
form-preview
Sample Letter for Acceptance of Job Offer ...

Sample Letter for Acceptance of Job Offer - Applicant to Business - Reconfirmation of Agreements

View this form
form-preview
Notice of Entry of Judgment

Notice of Entry of Judgment

View this form

How to fill out South Carolina Option To Purchase Addendum To Residential Lease - Lease Or Rent To Own?

Creating papers isn't the most uncomplicated process, especially for those who rarely deal with legal papers. That's why we advise making use of correct South Carolina Option to Purchase Addendum to Residential Lease - Lease or Rent to Own templates made by skilled attorneys. It gives you the ability to eliminate difficulties when in court or dealing with official institutions. Find the samples you want on our website for top-quality forms and correct explanations.

If you’re a user having a US Legal Forms subscription, just log in your account. As soon as you are in, the Download button will immediately appear on the file webpage. After downloading the sample, it’ll be stored in the My Forms menu.

Users with no an active subscription can easily get an account. Use this simple step-by-step guide to get the South Carolina Option to Purchase Addendum to Residential Lease - Lease or Rent to Own:

  1. Make sure that the sample you found is eligible for use in the state it’s necessary in.
  2. Verify the file. Utilize the Preview feature or read its description (if offered).
  3. Buy Now if this form is the thing you need or use the Search field to find another one.
  4. Select a suitable subscription and create your account.
  5. Utilize your PayPal or credit card to pay for the service.
  6. Download your file in a required format.

After doing these simple steps, it is possible to fill out the form in your favorite editor. Recheck filled in data and consider asking a legal professional to review your South Carolina Option to Purchase Addendum to Residential Lease - Lease or Rent to Own for correctness. With US Legal Forms, everything becomes much simpler. Test it now!

Form popularity

FAQ

Lease-option contracts give you the right to buy the home when the lease expires, while lease-purchase contracts require you to buy it. You pay rent throughout the lease, and in some cases, a percentage of the payment is applied to the purchase price.

Officially record the lease agreement and purchase option. The easiest way to do this is have the paperwork notarized and then recorded in your local public real estate records. Escrow the deed. Record a mortgage.

A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.

The lease addendum templates allow a landlord or tenant to make changes to a current residential or commercial lease agreement. Instead of changing the actual lease agreement, an addendum is a document added to a lease agreement outlining the prearranged modifications.

The Basic Structure of a Lease Purchase In a lease purchase contract, the buyer and seller agree to a lease period followed by sale of the property when the lease ends. This type of agreement combines both a lease and a purchase with the tenant/purchaser securing the option to purchase the house.

Step 1: Obtain a Written Request. Invite the tenant to submit in writing the request to add another person to the lease. Step 2: Check the Property's Occupancy Limit. Step 3: Acquire a Completed Rental Application. Step 4: Make a Decision. Step 5: Review the Details With the Tenants.

A lease addendum can be used even if you already have a comprehensive lease agreement. A lease addendum is as important as the rest of the lease. Rules in a lease addendum aren't optional; they must be followed by tenants.

An addendum must include the basic elements of any landlord/tenant agreement. You should include the date, the address of the rental property and the names of each party just as you would in the original lease.

Trusted and secure by over 3 million people of the world’s leading companies

South Carolina Option to Purchase Addendum to Residential Lease - Lease or Rent to Own
Buy now