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
Are you looking for an exciting opportunity to lease or rent to own a property in beautiful Cape Coral, Florida? Look no further! In this detailed description, we will explore the Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own. This addendum offers a unique and flexible way to secure your dream home in Cape Coral! The Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own provides potential tenants with the option to eventually purchase the property they are currently leasing. It is an excellent choice for individuals or families who may not be ready to commit to buying a home immediately but desire to live in a specific area, such as Cape Coral. One of the key benefits of this addendum is that it allows tenants to test the waters of homeownership without the immediate financial burden. By opting for this lease or rent to own agreement, tenants can enjoy the privileges of living in a property they may eventually own, while also having the time to decide if Cape Coral is the forever home they envision. There are various types of Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own, each catering to different needs and preferences. Some common types include: 1. Standard Cape Coral Florida Option to Purchase Addendum: This is the most common type, wherein tenants and landlords agree on the terms of the lease and the option to purchase. It typically includes details such as the purchase price, duration of the lease, and the percentage of rent that can be applied towards the purchase price. 2. Flexible Cape Coral Florida Option to Purchase Addendum: This type offers more flexibility in terms such as the purchase price negotiation, lease duration, or the amount of rent that can be applied towards the purchase price. It allows tenants to have greater control and adaptability throughout the process. 3. Conditional Cape Coral Florida Option to Purchase Addendum: This addendum is suitable for tenants who have specific conditions or contingencies in mind before finalizing the purchase. Conditions may include inspection results, renovation requirements, or any other factors that need to be satisfied to proceed with the purchase. Regardless of the type, the Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own is a fantastic opportunity for individuals or families searching for a path to homeownership. It bridges the gap between renting and buying, offering a flexible and affordable solution to settle down in the beautiful Cape Coral community. In conclusion, the Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own is an excellent choice for those who want to lease a property in Cape Coral with the potential to become homeowners in the future. The addendum provides different types catering to various needs, ensuring a customized experience for all parties involved. Don't miss out on this wonderful opportunity to live and potentially own a property in Cape Coral, Florida!Are you looking for an exciting opportunity to lease or rent to own a property in beautiful Cape Coral, Florida? Look no further! In this detailed description, we will explore the Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own. This addendum offers a unique and flexible way to secure your dream home in Cape Coral! The Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own provides potential tenants with the option to eventually purchase the property they are currently leasing. It is an excellent choice for individuals or families who may not be ready to commit to buying a home immediately but desire to live in a specific area, such as Cape Coral. One of the key benefits of this addendum is that it allows tenants to test the waters of homeownership without the immediate financial burden. By opting for this lease or rent to own agreement, tenants can enjoy the privileges of living in a property they may eventually own, while also having the time to decide if Cape Coral is the forever home they envision. There are various types of Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own, each catering to different needs and preferences. Some common types include: 1. Standard Cape Coral Florida Option to Purchase Addendum: This is the most common type, wherein tenants and landlords agree on the terms of the lease and the option to purchase. It typically includes details such as the purchase price, duration of the lease, and the percentage of rent that can be applied towards the purchase price. 2. Flexible Cape Coral Florida Option to Purchase Addendum: This type offers more flexibility in terms such as the purchase price negotiation, lease duration, or the amount of rent that can be applied towards the purchase price. It allows tenants to have greater control and adaptability throughout the process. 3. Conditional Cape Coral Florida Option to Purchase Addendum: This addendum is suitable for tenants who have specific conditions or contingencies in mind before finalizing the purchase. Conditions may include inspection results, renovation requirements, or any other factors that need to be satisfied to proceed with the purchase. Regardless of the type, the Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own is a fantastic opportunity for individuals or families searching for a path to homeownership. It bridges the gap between renting and buying, offering a flexible and affordable solution to settle down in the beautiful Cape Coral community. In conclusion, the Cape Coral Florida Option to Purchase Addendum to Residential Lease — Lease or Rent to Own is an excellent choice for those who want to lease a property in Cape Coral with the potential to become homeowners in the future. The addendum provides different types catering to various needs, ensuring a customized experience for all parties involved. Don't miss out on this wonderful opportunity to live and potentially own a property in Cape Coral, Florida!
