lang="fr" Rent to Own Contract doc | Sample contracts

Simple Rent to Own Contract

Download this exemple Rent to Own Contract in doc format.

Extract :
Whereas, ___________________ (hereafter Renter) desires to possess and have the use of certain property owned by ____________________ (hereafter Owner) and described in Attachment A, and
Whereas, the parties have agreed that Renter shall take possession of the property on MM/DD/YYY and have the use of the property until this agreement is terminated, and
Whereas, Renter and Owner intend that ownership of the property shall transfer to Renter upon the full completion of this agreement,
Now, therefore, the parties agree as follows:
Renter shall pay Owner the sum of $X on MM/DD/YYYY and the same sum on the Nth day of each month for rental of the property.
If payment is late by more than three days, a late fee of $X shall be due immediately from Renter.
The parties agree that the purchase price of the property is $X.
The parties agree that $X of each month’s rent payment shall be applied towards purchase of the property.

The parties agree that ownership of the property shall transfer to Renter upon Renter’s completion of X payments as described above.




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