[{"data":1,"prerenderedAt":513},["ShallowReactive",2],{"document-rent-to-own-agreement-D12666":3},{"document":4,"label":21,"preview":11,"thumb":22,"thumb600":23,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":24,"breadcrumb":28,"related":34,"customDescModule":171,"customdescription":6,"mdFm":172,"mdProseHtml":512},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"RENT-TO-OWN AGREEMENT This Lease Agreement (\"Lease\") is entered by and between ______________________ (\"Landlord\") and ______________________ (\"Tenant\") on _______ (Date). Landlord and Tenant may collectively be referred to as the \"Parties.\" This Lease creates joint and several liabilities in the case of multiple Tenants. The Parties agree as follows: PREMISES: Landlord hereby leases the premises located at _____________________ _________________________________ in the City of _________________, State of ________________, (the \"Premises\") to Tenant. LEASE TERM: The Lease will start on _____________________ and will continue as a month-to-month tenancy. In accordance with the State Statutes to terminate tenancy the Landlord or Tenant must give the other party a written one (1) months' notice of Lease non-renewal. The Tenant may only terminate their Lease on the last day of any month and the Landlord must receive a written notification of non-renewal at least ____ days prior to the last day of that month. If the Tenant plans to leave on or after the first of any month, they are responsible for that month's full rent. If the Tenant does not provide the Landlord with a written ____ days' notice, they shall forfeit their full deposit amount. LEASE PAYMENTS: Tenant(s) agree to rent this dwelling on a month-to-month basis for $ _______ per month, payable in advance on the ______ day of the calendar month for which Landlord(s) will give Tenant(s) a rebate/discount of $ _____________. SECURITY/CLEANING DEPOSIT: The security/cleaning deposit on this dwelling is $ _________. It is refundable if Tenant(s) leave the dwelling reasonably clean and undamaged. However, Landlord may apply any of all of the Security Deposit to remedy the breach, including to cover any amount owed by Tenant and/or any damages or cost incurred by Landlord due to Tenant's failure to comply. The Security deposit will not bear interest while held by the Landlord in accordance with applicable state laws and/or local ordinances. OCCUPANT(S): Only the following ____ persons and ____ pets are to live in this dwelling described as ____________________________________________________________________. Without Landlords' prior permission written permission, no other persons may live there, and no other pets may stay there, even temporarily, nor may the dwelling be sublet or used for business purposes. UTILITIES ANDS SERVICES: Charge for ☐ electricity, ☐ telephone service, ☐ cable television, ☐ heat, ☐ hot water, ☐ water, ☐ garbage pick-up, ☐ snow-removal and ☐ lawn maintenance are services/utilities provided to the apartment are included as a part of this Lease and shall be borne by the Landlord in addition to the following: __________________________________________. Remarks (if any): ______________________________________________________________________ INSURANCE: Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises. Tenant understands that Landlord will not provide any insurance coverage for Tenant's property. Landlord will not be responsible for any loss of Tenant's property, whether by theft, fire, riots, strikes, acts of God or otherwise. Landlord encourages Tenant to obtain renter's insurance or other similar coverage to protect against risk of loss. ALTERATIONS: Tenant will not make any alteration, addition or improvement to the Premises without first obtaining Landlord's written consent. Any and all alterations, additions or improvements to the Premises are without payment to Tenant and will become Landlord's property immediately on completion and remain on the Premises, unless Landlord request or permit removal, in which case Tenant will return that part of the Premises to the same condition as existed prior to the alteration, addition or improvement. Tenant will not change any existing locks or install any additional locks on the Premises without first obtaining Landlord's written consent and without providing Landlord a copy of all keys. RIGHT OF ENTRY: Landlord or it's agents may enter the Premises at the reasonable times to inspect the Premises, to make any alterations, improvements or repairs or to show the Premises to a future tenant, buyer or lender. In the event of emergency, Landlord may enter the Premises at any time. LATE CHARGES: Rent is due on the 1st of each month. If any or all of the rent is not received by the ____ of the month, $____ per day will be charged as late fees until full rental payment is received. If rent is not received by the ____ of the month, Tenant will be considered in breach of the Lease Agreement and eviction proceedings will be initiated. INSUFFICIENT FUNDS: Tenant agrees to pay the charge of $____ for each check given by Tenant to Landlord that is returned to Landlord for lack of sufficient funds. QUIET ENJOYMENT: Tenant shall be entitled to quiet enjoyment of the Premises and Landlord will not interfere with that right, as long as Tenant pays. SEX OFFENDER REGISTRY: Pursuant to law, information about specified registered sex offenders is made available to the public. Tenant understands and agrees that Tenants is solely responsible for obtaining any and all information contained in the state or national sex offender registry for the area surrounding the Premises, which can be obtained online of from the local sheriff's department or other appropriate law enforcement officials. De pending on an offender's criminal history, this information will include either the address at which the offender resides or the community of residence and zip code in which he or she resides.",null,"Rent To Own Agreement","5",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/rent-to-own-agreement-D12666.png","https://templates.business-in-a-box.com/imgs/250px/12666.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12666.xml",{"title":15,"description":6},"rent to own agreement",[17,20],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/",{"label":18,"url":19},"Rent To Own Agreement Template","https://templates.business-in-a-box.com/imgs/400px/12666.png","https://templates.business-in-a-box.com/imgs/600px/12666.png",[25,17,20],{"label":26,"url":27},"Templates","/templates/",[29,30,31],{"label":26,"url":27},{"label":18,"url":19},{"label":32,"url":33},"Real Estate & Leases","/templates/real-estate-and-leases/",[35,39,43,47,51,55,59,63,67,71,75,79,83,97,112,127,145,158],{"label":36,"url":37,"thumb":38,"extension":10},"Lease To Own Agreement","/template/lease-to-own-agreement-D12870","https://templates.business-in-a-box.com/imgs/250px/12870.png",{"label":40,"url":41,"thumb":42,"extension":10},"Addendum to Rent Agreement","/template/addendum-to-rent-agreement-D1161","https://templates.business-in-a-box.com/imgs/250px/1161.png",{"label":44,"url":45,"thumb":46,"extension":10},"Bring Your Own Device Policy Byod","/template/bring-your-own-device-policy-byod-D12626","https://templates.business-in-a-box.com/imgs/250px/12626.png",{"label":48,"url":49,"thumb":50,"extension":10},"Notice of Change in Rent","/template/notice-of-change-in-rent-D1210","https://templates.business-in-a-box.com/imgs/250px/1210.png",{"label":52,"url":53,"thumb":54,"extension":10},"Notice of Rent Default","/template/notice-of-rent-default-D1216","https://templates.business-in-a-box.com/imgs/250px/1216.png",{"label":56,"url":57,"thumb":58,"extension":10},"Notice To Tenant of Rent Default","/template/notice-to-tenant-of-rent-default-D1207","https://templates.business-in-a-box.com/imgs/250px/1207.png",{"label":60,"url":61,"thumb":62,"extension":10},"Checklist To Rent an Office Space","/template/checklist-to-rent-an-office-space-D12996","https://templates.business-in-a-box.com/imgs/250px/12996.png",{"label":64,"url":65,"thumb":66,"extension":10},"Notice to Pay Rent or Quit","/template/notice-to-pay-rent-or-quit-D1205","https://templates.business-in-a-box.com/imgs/250px/1205.png",{"label":68,"url":69,"thumb":70,"extension":10},"Agreement to Lease","/template/agreement-to-lease-D1164","https://templates.business-in-a-box.com/imgs/250px/1164.png",{"label":72,"url":73,"thumb":74,"extension":10},"Exclusive Lease Agreement","/template/exclusive-lease-agreement-D12808","https://templates.business-in-a-box.com/imgs/250px/12808.png",{"label":76,"url":77,"thumb":78,"extension":10},"Land Lease Agreement","/template/land-lease-agreement-D13423","https://templates.business-in-a-box.com/imgs/250px/13423.png",{"label":80,"url":81,"thumb":82,"extension":10},"Storage Lease Agreement","/template/storage-lease-agreement-D13779","https://templates.business-in-a-box.com/imgs/250px/13779.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":9,"extension":10,"preview":87,"thumb":88,"svgFrame":89,"seoMetadata":90,"parents":92,"keywords":91,"url":96},"HOUSE RENTAL AGREEMENT This is an Agreement to rent a house (the \"Agreement\") effective [DATE], BETWEEN: [LANDLORDS NAME] (the \"Landlord\"), a corporation OR individual existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TENANTS NAME] (the \"Tenant\"), an individual existing under the laws of the [State/Province] of [STATE/PROVINCE], located at: [COMPLETE ADDRESS] TERMS It is agreed that: Landlord does hereby agree to grant, demise, and let and Tenant does hereby agree to take premises situated in [CITY, STATE/PROVINCE] at [ADDRESS] and described as [DESCRIBE] with appurtenances, from Start Date [DATE] to Ending Date [DATE], at the rent or sum of [AMOUNT], to be paid as follows: [ENTER LEASE TERMS] The parties here shall execute the lease herein provided for on [DATE]. The Landlord shall [Enter any utilities and/or maintenance paid by LANDLORD]. The Tenant will be responsible for paying all utilities including [Enter any utilities and/or maintenance paid by TENANT]. In the event that the Lease herein provided for shall be executed, then and in such case the Landlord shall give, and the Tenant shall take possession of said premises on [DATE OF POSSESSION] and the rent shall commence and be payable from said last mentioned date. The Lease shall contain the following provisions [Enter PROVISIONS]. The Tenant and members of the Tenant's household will not smoke anywhere in the Property nor permit any guests or visitors to smoke in the Property. ","House Rental Agreement","2","https://templates.business-in-a-box.com/imgs/1000px/house-rental-agreement-D12768.png","https://templates.business-in-a-box.com/imgs/250px/12768.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12768.xml",{"title":91,"description":6},"house rental agreement",[93],{"label":94,"url":95},"Real Estate","real-estate-business","/template/house-rental-agreement-D12768",{"description":98,"descriptionCustom":6,"label":99,"pages":100,"size":9,"extension":10,"preview":101,"thumb":102,"svgFrame":103,"seoMetadata":104,"parents":106,"keywords":110,"url":111},"MONTH-TO-MONTH LEASE AGREEMENT This Lease Agreement (\"Lease\") is entered by and between ______________________ (\"Owner\") and ______________________ (\"Tenant\") on _______ (Date). Owner and Tenant may collectively be referred to as the \"Parties.\" This Lease creates joint and several liabilities in the case of multiple Tenants. The Parties agree as follows: PREMISES: Owner hereby leases the premises located at _____________________ _________________________________ in the City of _________________, State of ________________, (the \"Premises\") to Tenant. LEASE TERM: The Lease will start on _____________________ and will continue as a month-to-month tenancy. In accordance with the State Statutes to terminate tenancy the Owner or Tenant must give the other party a written one (1) months' notice of Lease non-renewal. The Tenant may only terminate their Lease on the last day of any month and the Owner must receive a written notification of non-renewal at least ____ days prior to the last day of that month. If the Tenant plans to leave on or after the first of any month, they are responsible for that month's full rent. If the Tenant does not provide the Owner with a written ____ days' notice, they shall forfeit their full deposit amount. LEASE PAYMENTS: Tenant(s) agree to rent this dwelling on a month-to-month basis for $ _______ per month, payable in advance on the ______ day of the calendar month for which Owner(s) will give Tenant(s) a rebate/discount of $ _____________. SECURITY/CLEANING DEPOSIT: The security/cleaning deposit on this dwelling is $ _________. It is refundable if Tenant(s) leave the dwelling reasonably clean and undamaged. OCCUPANT(S): Only the following ____ persons and ____ pets are to live in this dwelling described as ____________________________________________________________________. Without Owners' prior permission written permission, no other persons may live there and no other pets may stay there, even temporarily, nor may the dwelling be sublet or used for business purposes. UTILITIES ANDS SERVICES: Charge for ☐ electricity, ☐ telephone service, ☐ cable television, ☐ heat, ☐ hot water, ☐ water, ☐ garbage pick-up, ☐ snow-removal and ☐ lawn maintenance are services/utilities provided to the apartment are included as a part of this Lease and shall be borne by the Owner in addition to the following: __________________________________________. Remarks (if any): ______________________________________________________________________ INSURANCE: Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises. Tenant understands that Landlord will not provide any insurance coverage for Tenant's property. Landlord will not be responsible for any loss of Tenant's property, whether by theft, fire, riots, strikes, acts of God or otherwise. Landlord encourages Tenant to obtain renter's insurance or other similar coverage to protect against risk of loss. LATE CHARGES: Rent is due on the 1st of each month. If any or all of the rent is not received by the ____ of the month, $____ per day will be charged as late fees until full rental payment is received","Month To Month Lease Agreement","3","https://templates.business-in-a-box.com/imgs/1000px/month-to-month-lease-agreement-D12660.png","https://templates.business-in-a-box.com/imgs/250px/12660.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12660.xml",{"title":105,"description":6},"month to month lease agreement",[107,109],{"label":18,"url":108},"business-legal-agreements",{"label":18,"url":108},"commercial lease agreement","/template/commercial-lease-agreement-D12660",{"description":113,"descriptionCustom":6,"label":114,"pages":115,"size":9,"extension":10,"preview":116,"thumb":117,"svgFrame":118,"seoMetadata":119,"parents":121,"keywords":120,"url":126},"REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [SELLER NAME], (the \"Seller\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PURCHASER NAME], (the \"Purchaser\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Seller and Purchaser shall be referred to as the \"Parties.\" WHEREAS, the Seller is the owner of the real property located at [ADDRESS OF PROPERTY] (hereinafter referred to as the \"Property\") and the Purchaser is interested in buying the Property from the Seller pursuant to the following terms and conditions. WHEREAS, in consideration of and as a condition of the Seller selling the Property and the Purchaser purchasing the Property and other valuable consideration, the receipt and sufficiency of which are acknowledged here; NOW, THEREFORE, the Parties agree as follows: PROPERTY The Property is situated at [SPECIFY ADDRESS] and the legal description of the Property is as follows: [SPECIFY LEGAL DESCRIPTION OF PROPERTY] which includes with it but is not limited to permits, easements, and cooperative and association memberships (the \"Property\"). The Seller agrees to sell and convey to the Purchaser and the Purchaser agrees to purchase the Property from the Seller. The Seller shall release possession, occupancy, existing keys and/or means to operate all locks, mailbox, security system/alarms and all common area facilities to the Purchaser on the Closing Date. The Seller agrees that all the existing fixtures on the Premises, and any existing personal property including but not limited to light fixtures, fireplace, ceiling fans, lighting, and storage sheds shall be included in this sale and shall be transferred with no monetary value, and free and clear of all liens or encumbrances. PAYMENT OF PURCHASE PRICE The Purchaser agrees to pay to the Seller [SPECIFY AMOUNT] for the Property. At the time of signing of the Agreement, the Purchaser shall make the payment of [SPECIFY PERCENTAGE] % of the total amount. The remaining amount shall be transferred to the Seller on the Closing Date. The Purchaser is entitled to pay the amount by any of the following modes: [SPECIFY MODES OF PAYMENT]. TITLE INSURANCE The Seller shall furnish to the Purchaser an owner's policy of title insurance (the \"Title Insurance\") from [SPECIFY INSURANCE COMPANY] (the \"Title Company\") in an amount of the Sales Price dated as of the date that the sale of the Property becomes final, and the Purchaser takes possession, which insures and indemnifies the Purchaser against loss, as stipulated under the provisions of the Title Policy, subject to exceptions contained therein. TITLE COMMITMENT At the Seller's sole cost, the Seller will furnish or cause to be furnished to the Purchaser a commitment for the Title Insurance and copies of restrictive covenants and documents evidencing the exceptions in the Commitment. DISCLOSURES BY THE SELLER The Seller shall send disclosures to the Purchaser, within 28 days of signing of this Agreement, in which he shall disclose the details of the Property under various categories. The categories include: Boundaries. Changes made to the Property (extensions, alterations). Shared areas with neighbors, formal and informal agreements. Disputes or complaints (made by or about the Seller). Occupiers (who live at the Property). Guarantees and warranties affecting the Property. Environmental matters. The relevant issues disclosed to the Purchaser shall include, but are not limited to the following: Any disputes with neighbors that have resulted in written exchanges, or police or local authority involvement. Whether the neighbors have any anti-social behavior orders. Planning permission on the Property that is pending, granted or denied. Problems with pests, current or historic. Flooding issues, current or historic. Structural issues. Whether there is a flight path nearby or one planned. Whether there is a motorway within view or one planned. A previous sale falling through due to bad survey results on the Property. The neighborhood having high levels of crime. A violent death that occurred at the Property. Notwithstanding anything contained in the foregoing provisions, the Seller shall disclose all such information which would materially affect the Purchaser's consent to purchase the Property. WARRANTY BY THE SELLER The Seller has full power and authority to enter into and perform this Agreement in accordance with its terms; The individuals executing this Agreement on behalf of the Seller are authorized to do so and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Seller; The Seller has no actual knowledge of any impending lawsuits with respect to the Property; The Seller represents and warrants that there will be no liens, assessments, or security interests from third parties against the Property on the Closing Date; The Seller warrants and shall maintain and repair the Premises so that at the time of possession, all the heating, cooling, mechanical, plumbing and electrical systems, and built-in appliances shall be in working condition; The Seller warrants that the Premises, including all additional existing personal property included in the sale, will be in substantially the same condition, except the changes caused by reasonable wear and tear or irresistible force, as on the date of acceptance of the Agreement; The Seller warrants that no damage would be caused to the Property, by any improvement work being carried out by the Seller in the Property, to substantially reduce its value or damage it in a way to make its enjoyment difficult. WARRANTY BY THE PURCHASER The Purchaser has full power and authority to enter into and perform this Agreement in accordance with its terms; and Any individual executing this Agreement on behalf of the Purchaser is authorized to do so, and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Purchaser. INDEMNIFICATION The Seller will bear all the risk of loss to the Property or its improvements, which includes but is not limited to physical damage or destruction to the Property, or loss caused by eminent domain, until the Closing Date. If prior to the Closing Date, the Property is damaged or destroyed, the Seller will restore the Property to its previous condition as soon as possible before the Closing Date. The Seller agrees to defend, indemnify, and hold the Purchaser harmless from and against all claims, liabilities, obligations, costs, expenses, and reasonable attorney's fees arising out of or related to: Any breach or inaccuracy of representation or warranty of the Seller made in this Agreement; Any failure by the Seller to perform any covenant required to be performed by it under this Agreement; Any liability or obligation of any third party assumed by the Seller in accordance with the terms of this Agreement; Use of the Property before the Closing Date. PRORATION The Seller and the Purchaser agree to proration of the following items: Title Insurance and Closing Fee: The Seller shall pay all costs of the Title Commitment and the premium as applicable under law. Recording Costs: The Purchaser shall pay the cost of the deed and all other documents. Real Estate Taxes and Special Assessments: All real estate property taxes, levies and assessments as of the Closing","Real Estate Purchase Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/real-estate-purchase-agreement-D13234.png","https://templates.business-in-a-box.com/imgs/250px/13234.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13234.xml",{"title":120,"description":6},"real estate purchase agreement",[122,123],{"label":18,"url":108},{"label":124,"url":125},"Purchase & Sale Agreements","purchase-sale-agreement","/template/real-estate-purchase-agreement-D13234",{"description":128,"descriptionCustom":6,"label":129,"pages":130,"size":131,"extension":10,"preview":132,"thumb":133,"svgFrame":134,"seoMetadata":135,"parents":136,"keywords":143,"url":144},"EQUIPMENT LEASE AGREEMENT This Equipment Lease Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Lessee\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WITNESSETH that in consideration of the mutual covenants and agreements to be performed and kept during the terms hereof and of any renewal, the Lessor and the Lessee covenant and agree as follows: LEASE The Lessor hereby leases to the Lessee and the Lessee hereby leases from the Lessor the equipment described in [SPECIFY SCHEDULE] and in all other Schedules which may hereafter be executed by the [COMPANY NAME] for the purpose of adding equipment thereto, which equipment including all original and replacement items, parts, accessories, and additions relating thereto is hereafter called the \"Equipment\". EQUIPMENT DESCRIPTION The Lessee authorizes the Lessor to complete the description of the Equipment in [SPECIFY SCHEDULE] with the insertion of serial numbers and other details specifically identifying the Equipment, such schedule to be signed by both parties hereto and form part of this Lease. WARRANTIES BY LESSEE & LESSOR The Lessee and Lessor each represents and warrants that it has the power to enter into this lease, and that this lease is properly and lawfully authorized and executed by it. LESSOR'S WARRANTIES Lessor and Lessee acknowledge that there are no other warranties, conditions, terms, representations of inducements expressed or implied statutory or otherwise, save as are expressly contained in this lease. Lessor warrants that the equipment shall be delivered to the Lessee in accordance with the specifications contained in [SPECIFY SCHEDULE]. The Lessor makes no representations with respect to the suitability of the equipment to the Lessee's operations. Lessor's warranties shall not extend to any party assigned this Lease by Lessor pursuant to Clause [NUMBER] herein. WARRANTIES BY MANUFACTURERS Any warranties, conditions or guarantees by the manufacturers or suppliers of the Equipment are theirs alone and not the Lessor's but are for the joint and several benefit of and enforcement by the Lessee and the Lessor. Any claims of the Lessee in connection with manufacturer's warranties, conditions or guarantees shall be made directly by the Lessor (but not Lessor's assignee) on behalf of the Lessee against the manufacturer or supplier only. TITLE The Lessor covenants that it has good titles to the Equipment and the Lessee acknowledges the Lessor's ownership of and title to the Equipment and covenants to defend the same against any contrary claim. TERM The term of this lease with respect to each piece of Equipment shall commence on the date of acceptance thereof by the Lessee in accordance with Clause [NUMBER] herein and shall continue for the term specified in [SPECIFY SCHEDULE] hereto. Rental payments with respect to each piece of Equipment shall commence and accrue due to the Lessor on such date of acceptance of such piece of Equipment by the Lessee. POSSESSION, LOCATION The Lessee shall take and, when not in default hereunder, retain exclusive control of the Equipment from the Lessee's location shown on [SPECIFY SCHEDULE]. The Lessee shall not change such location without the Lessor's prior written consent, which will not be unreasonably withheld. PERSONAL PROPERTY, LANDLORD'S DISTRESS The Equipment is and shall remain personal and moveable property. The Lessee shall not affix the Equipment nor permit it to be affixed so that it becomes part of realty and shall notify the Lessee's, Landlords, mortgagees, insurers and all others who may have an interest in or claim against the premises where the Equipment is to be located. Any removal from such premises shall be at the Lessee's risk and expense. IDENTIFICATION PLATES The Lessor may affix plates, tags or markings to the Equipment showing its interest therein, and the Lessee may display its name and such other information as may reasonably promote its business, such Lessee's markings shall be mutually approved by the parties. All Lessee's markings must be removed by the Lessee upon termination of the lease. ORDER, DELIVERY, INSTALLATION Order and delivery and installations of the Equipment shall be entirely at the Lessor's risk and expense and shall be arranged by the Lessor on behalf of the Lessee in a manner and upon terms and conditions according to the Lessee's written instructions and, to the extent of such instructions are not provided for, according to the Lessor's sole discretion but still at the Lessor's risk and expense. The Lessor shall not be responsible for any costs, losses or damages suffered by the Lessee arising out of or in connection with delays in or refusal to accept delivery of equipment. INSPECTION The Lessee shall inspect the equipment prior to delivery and accept or reject it. Notice of rejections shall be received in writing within [NUMBER] hours by the Lessor and in the absence thereof, the Lessee shall be deemed conclusively to have accepted the Equipment. Rejection shall only occur if the equipment is not in accordance with the specifications contained in [SPECIFY SCHEDULE] or as the result of faulty materials or workmanship. RE-DELIVERY, REMOVAL AT TERMINATION Upon termination of this lease for any reason, the Lessee shall deliver the Equipment entirely at its own expense to an address as designated by the Lessor in the same condition as received, reasonable wear and tear from proper use only accepted, within [NUMBER] days of the date of termination. Brakes and tires will show no more than [PERCENTAGE %] wear for each year of the Lease has elapsed and the trailers must have all signage and customer specified paint removed and returned to a white color. All damages from accident and abuse must be repaired prior to the termination of the Lease in a manner approved by the Lessor. RENT: OTHER PAYMENTS: NO SET-OFF The Lessee shall pay to the Lessor rental in the amount and at the times shown in Schedule \"A\" hereto. The Lessee shall pay to the Lessor on demand all other amounts becoming payable hereunder. The Lessee shall make such payments to the Lessor at the address of the Lessor shown above or as otherwise designated by the Lessor, without any set-off or reduction whatsoever for claims the Lessee may assert against the Lessor. Any payment not paid by the due date shall bear interest thereafter at [PERCENTAGE %] per month. UNCONDITIONAL PAYMENT Lessee's obligation to pay rent and other amounts hereunder shall be absolute and unconditional under all circumstances and without limiting the generality of the foregoing, shall not be affected by the following: Failure of the Equipment to perform in the manner expected by the Lessee. Damage to or destruction of the Equipment so that it is either completely beyond repair or partially so and whether or not it is economically justifiable to repair. Theft of the Equipment or part thereof irrespective of whether the Equipment was insured by the Lessee or the Equipment is uninsured. Seizure of the Equipment by a third party (including landlord or mortgages of the premises on which the Equipment is located). USE: MAINTENANCE: REPAIR The Lessee shall comply with all applicable laws, rules and regulations of government or other authority, with all manufacturer's and Lessor's published operation and maintenance instructions and specifications, and with all terms of any insurance policy in connection with the Equipment. The Lessor may inspect the state of repair of the Equipment at any reasonable time. ALTERATIONS ETC. TO EQUIPMENT","Equipment Lease Agreement","7",71,"https://templates.business-in-a-box.com/imgs/1000px/equipment-lease-agreement-D1140.png","https://templates.business-in-a-box.com/imgs/250px/1140.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1140.xml",{"title":6,"description":6},[137,140],{"label":138,"url":139},"Production & Operations","production-operations",{"label":141,"url":142},"Equipment Agreement","equipment-agreement","equipment lease agreement","/template/equipment-lease-agreement-D1140",{"description":146,"descriptionCustom":6,"label":147,"pages":148,"size":9,"extension":10,"preview":149,"thumb":150,"svgFrame":151,"seoMetadata":152,"parents":154,"keywords":153,"url":157},"RENEWAL AGREEMENT This Renewal Agreement (the \"Agreement\") is made and effective this [DATE], BETWEEN: [COMPANY NAME] (the \"Company\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [DISTRIBUTOR NAME] (the \"Distributor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Company and the Distributor entered into a Distribution Agreement dated [ORIGINAL AGREEMENT DATE] (the \"Original Agreement\"); WHEREAS, the Parties wish to renew the Original Agreement under the terms and conditions set forth herein. IT IS HEREBY AGREED THAT: Term 1.1 The term of this Agreement shall be for a period of [NUMBER OF YEARS] years commencing on [RENEWAL START DATE], and terminating on [RENEWAL END DATE], subject to any renewal of the Agreement pursuant to Section 6 hereof and subject to earlier termination of this Agreement pursuant to Section 5 hereof (the \"Term\"). MODIFICATIONS TO ORIGINAL AGREEMENT 2.1 Pricing and Payment Terms: [SPECIFY ANY CHANGES TO PRICING, PAYMENT SCHEDULES, OR PAYMENT METHODS.] 2.2 Territory: [SPECIFY ANY CHANGES TO THE GEOGRAPHIC TERRITORY COVERED BY THE AGREEMENT.] 2.3 Products: [SPECIFY ANY CHANGES TO THE PRODUCTS COVERED BY THE AGREEMENT, INCLUDING ADDITIONS OR DELETIONS.] 2.4 Performance Requirements: [SPECIFY ANY CHANGES TO PERFORMANCE REQUIREMENTS, SUCH AS SALES TARGETS OR MARKETING COMMITMENTS.] 2.5 Reporting and Compliance: [SPECIFY ANY CHANGES TO REPORTING REQUIREMENTS OR COMPLIANCE OBLIGATIONS.] 2.6 Other Modifications: [INCLUDE ANY OTHER MODIFICATIONS TO THE ORIGINAL AGREEMENT.] CONTINUING TERMS 3.1 Except as expressly modified by this Agreement, all terms and conditions of the Original Agreement shall remain in full force and effect during the Renewal Term. In the event of any conflict between the terms of this Agreement and the Original Agreement, the terms of this Agreement shall control. COMPENSATION 4.1 Fee: In consideration of the services to be provided by the Distributor throughout the Term, the Company shall pay the Distributor a total fee of [AMOUNT] in [CURRENCY], payable in [SPECIFY PAYMENT TERMS]. 4.2 Additional Services: Any services outside the scope of this Agreement shall be considered additional services and will be billed at the rate of [HOURLY/DAY RATE] in [CURRENCY], upon the prior written consent of the Company. TERMINATION OF AGREEMENT 5.1 Termination for Just Cause: The Company may terminate this Agreement at any time for Just Cause (as hereinafter defined) without payment of any compensation either by way of anticipated earnings or damages of any kind. For the purposes of this Agreement, \"Just Cause\" means the continued breach of this Agreement by the Distributor after [NUMBER] written warnings to such effect, deliberate action to injure or show disloyalty to the Company, or theft or fraud against the Company. 5.2 Termination due to Incapacity: Notwithstanding any other provisions of this Agreement, the Company may terminate this Agreement at any time upon [NUMBER OF WEEKS] weeks prior written notice if the Distributor has not been able to perform the services for a period of [NUMBER OF MONTHS] consecutive months. In the case of disability or incapacity of the Distributor, the Company may, however, provide the services of another individual to temporarily perform the services so long as such individual performs such services to the satisfaction of the Company. 5.3 Return of Property: Upon any termination of this Agreement for any reason whatsoever, the Distributor shall at once deliver to the Company all books, documents, effects, money, securities, or other property belonging to the Company which are in the possession, charge, control, or custody of the Distributor. RENEWAL OF AGREEMENT 6.1 The Company may offer to renew this Agreement in accordance with the terms and conditions hereof for further periods of [NUMBER OF YEAR(S)] year(s) each by giving notice in writing to the Distributor not later than [NUMBER OF MONTHS] months prior to the expiry of the Term or the renewal thereof. Such notice shall include the Company's proposals for any changes in terms or conditions of this Agreement. The Distributor shall communicate its acceptance of such offer by giving notice in writing thereof to the Company no later than [NUMBER OF WEEKS] weeks after receipt of the said offer. Any proposed changes in fees or other terms and conditions shall be agreed upon in writing between the Parties. 6.2 Failing such renewal and acceptance thereof, this Agreement shall terminate at the end of the Term or of the renewal term, as the case may be, without further notice and termination payments. SEVERABILITY 7.1 If a court of competent jurisdiction adjudges, declares, or decrees any portion of this Agreement void or unenforceable, such portion shall, automatically and without further act on the part of the Parties hereto, be reduced in scope, territory, or duration of time to such an extent that the court would hold the same to be enforceable in the circumstances before the court, or, if the court is unwilling to do so, shall be deemed void and severed here from. WAIVER RESTRICTIONS 8.1 The failure of either Party hereto at any time to require strict performance of any of the terms and conditions hereof by the other Party hereto shall not be construed as a waiver or relinquishment of any such term or condition, nor shall such failure be construed to waive, relinquish, or diminish the former's right thereafter to demand strict compliance therewith or with any other provisions of this Agreement. The waiver of any default shall not operate as a waiver of any other default or of the same type of default on a future occasion, and no waiver hereunder shall be effective unless it is in writing and signed by the Party granting such waiver. SUCCESSOR RIGHTS 9.1 This Agreement shall to the benefit of and be binding upon the Parties hereto and their respective heirs, executors, legal representatives, and successors","Renewal Agreement","6","https://templates.business-in-a-box.com/imgs/1000px/renewal-agreement-D14046.png","https://templates.business-in-a-box.com/imgs/250px/14046.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#14046.xml",{"title":153,"description":6},"renewal agreement",[155,156],{"label":18,"url":108},{"label":18,"url":108},"/template/renewal-agreement-D14046",{"description":159,"descriptionCustom":6,"label":160,"pages":161,"size":9,"extension":10,"preview":162,"thumb":163,"svgFrame":164,"seoMetadata":165,"parents":167,"keywords":166,"url":170},"[DATE] [YOUR NAME] [YOUR ADDRESS] [CITY, STATE, ZIP CODE] [YOUR EMAIL ADDRESS] [YOUR PHONE NUMBER] [LANDLORD'S NAME] [LANDLORD'S ADDRESS] [CITY, STATE, ZIP CODE] SUBJECT: NOTICE OF LEASE TERMINATION Dear [LANDLORD'S NAME], I am writing to formally notify you of my intent to terminate the lease agreement for the property located at [PROPERTY ADDRESS]. As per the terms of our lease agreement, I am providing you with the required notice period of [NUMBER OF DAYS, TYPICALLY 30 OR 60 DAYS], and my lease will be terminated on [TERMINATION DATE], which is [DATE NOTICE PERIOD ENDS, TYPICALLY 30 OR 60 DAYS FROM THE DATE OF THE LETTER]. The lease for the aforementioned property was initiated on [LEASE START DATE], and the initial lease term was set to expire on [ORIGINAL LEASE END DATE]. I am terminating the lease agreement as of the aforementioned Termination Date. I will ensure that the property is returned to you in the condition specified in our lease agreement","Lease Termination Letter","1","https://templates.business-in-a-box.com/imgs/1000px/lease-termination-letter-D13724.png","https://templates.business-in-a-box.com/imgs/250px/13724.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13724.xml",{"title":166,"description":6},"lease termination letter",[168,169],{"label":18,"url":108},{"label":18,"url":108},"/template/lease-termination-letter-D13724",false,{"seo":173,"reviewer":185,"legal_disclaimer":189,"quick_facts":190,"at_a_glance":192,"personas":196,"variants":221,"glossary":249,"clauses":282,"how_to_fill":333,"common_mistakes":374,"faqs":399,"industries":427,"comparisons":444,"diy_vs_lawyer":457,"jurisdictions":470,"related_template_ids_curated":491,"schema":501,"classification":502},{"meta_title":174,"meta_description":175,"primary_keyword":176,"secondary_keywords":177},"Rent To Own Agreement Template (Free Word)","Free rent to own agreement template covering option fees, purchase price, rent credits, and closing terms. Download in Word, edit online, or export as PDF. Free Word and PDF download.","rent to own agreement template",[178,179,180,181,182,183,184],"lease purchase agreement template","rent to own contract template","rent to own agreement template word","rent to own agreement template free","lease option agreement template","rent to own home contract","rental purchase agreement template",{"name":186,"credential":187,"reviewed_date":188},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":191,"legal_review_recommended":189,"signature_required":189,"notarization_required":171},"advanced",{"what_it_is":193,"when_you_need_it":194,"whats_inside":195},"A Rent To Own Agreement is a legally binding contract that combines a standard residential or commercial lease with an option for the tenant to purchase the property at a predetermined price before or at the end of the lease term. This free Word download covers option fees, monthly rent credits, purchase price, maintenance obligations, and default terms — all in a single document you can edit online and export as PDF for signing.\n","Use it when a buyer cannot qualify for a mortgage immediately but wants to lock in a purchase price and build equity through rent payments, or when a seller wants to generate rental income while moving toward a sale. It is also used for commercial equipment and vehicle transactions where a party prefers a trial-use period before committing to full purchase.\n","Parties and property description, lease term and monthly rent, option fee and purchase price, rent credit provisions, maintenance and repair responsibilities, option exercise procedure, financing contingency, default and forfeiture terms, and governing law.\n",[197,201,205,209,213,217],{"title":198,"use_case":199,"icon_asset_id":200},"Aspiring homebuyers","Locking in today's purchase price while building credit for a mortgage","persona-homebuyer",{"title":202,"use_case":203,"icon_asset_id":204},"Property owners and landlords","Generating rental income from a property while arranging a future sale","persona-landlord",{"title":206,"use_case":207,"icon_asset_id":208},"Real estate investors","Structuring flexible exit strategies on investment properties","persona-real-estate-investor",{"title":210,"use_case":211,"icon_asset_id":212},"Small business owners","Acquiring commercial equipment or vehicles without upfront capital outlay","persona-small-business-owner",{"title":214,"use_case":215,"icon_asset_id":216},"Commercial landlords","Converting a vacant commercial property into a lease-to-own arrangement","persona-commercial-landlord",{"title":218,"use_case":219,"icon_asset_id":220},"Equipment dealers and lessors","Offering customers a structured path to ownership on financed equipment","persona-equipment-dealer",[222,226,230,234,238,241,245],{"situation":223,"recommended_template":224,"slug":225},"Residential property where tenant intends to purchase at lease end","Rent To Own Agreement (Residential)","rent-to-own-agreement-D12666",{"situation":227,"recommended_template":228,"slug":229},"Buyer and seller want a binding obligation to purchase, not just an option","Lease Purchase Agreement","equipment-lease-agreement-with-option-to-purchase-D1143",{"situation":231,"recommended_template":232,"slug":233},"Standard property rental with no purchase option","Residential Lease Agreement","house-rental-agreement-D12768",{"situation":235,"recommended_template":236,"slug":237},"Commercial property with option to buy at end of term","Commercial Lease Agreement with Purchase Option","commercial-lease-agreement-D12660",{"situation":239,"recommended_template":129,"slug":240},"Equipment financing with structured ownership transfer","equipment-lease-agreement-D1140",{"situation":242,"recommended_template":243,"slug":244},"Vehicle acquisition with installment payments leading to ownership","Vehicle Lease Agreement","vehicle-lease-agreement-D12694",{"situation":246,"recommended_template":247,"slug":248},"Seller financing where seller holds title until final payment","Land Contract (Contract for Deed)","audit-contract-D13507",[250,253,256,259,262,265,268,270,273,276,279],{"term":251,"definition":252},"Option Fee","An upfront, non-refundable payment made by the tenant-buyer to the seller in exchange for the exclusive right to purchase the property at an agreed price during the lease term.",{"term":254,"definition":255},"Option Period","The defined window of time — typically 1 to 3 years — during which the tenant-buyer may exercise the purchase option.",{"term":257,"definition":258},"Purchase Price","The agreed sale price locked in at signing, which the tenant-buyer may pay to acquire full ownership if the option is exercised.",{"term":260,"definition":261},"Rent Credit","A portion of each monthly rent payment — commonly 10–25% — that is credited toward the purchase price or down payment if the option is exercised.",{"term":263,"definition":264},"Option Exercise","The formal act of notifying the seller in writing that the tenant-buyer intends to proceed with the purchase under the terms of the agreement.",{"term":266,"definition":267},"Forfeiture","The loss of the option fee and accumulated rent credits by the tenant-buyer if they fail to exercise the option or default on the agreement.",{"term":228,"definition":269},"A variant of rent-to-own where the tenant is legally obligated to purchase the property at the end of the lease, rather than holding a voluntary option.",{"term":271,"definition":272},"Equity Build-Up","The gradual accumulation of ownership interest through rent credits applied to the purchase price over the course of the lease term.",{"term":274,"definition":275},"Default","A material breach of the agreement — such as missed rent payments or failure to maintain the property — that may trigger forfeiture of the option and credits.",{"term":277,"definition":278},"Title Transfer","The legal process by which ownership of the property passes from the seller to the buyer upon closing, following exercise of the purchase option.",{"term":280,"definition":281},"Financing Contingency","A clause conditioning the purchase closing on the tenant-buyer obtaining a mortgage or other financing by a specified date.",[283,288,293,298,303,308,313,318,323,328],{"name":284,"plain_english":285,"sample_language":286,"common_mistake":287},"Parties and property description","Identifies the seller-landlord and tenant-buyer by legal name and describes the property by full address and legal description.","This Rent To Own Agreement is entered into on [DATE] between [SELLER FULL LEGAL NAME] ('Seller') and [BUYER FULL LEGAL NAME] ('Buyer') for the property located at [FULL PROPERTY ADDRESS], legally described as [LEGAL DESCRIPTION] ('Property').","Using a trade name or informal nickname instead of the full legal name of both parties. If the seller is an LLC or corporation, the entity name — not the owner's personal name — must appear, or the agreement may not bind the correct legal owner.",{"name":289,"plain_english":290,"sample_language":291,"common_mistake":292},"Lease term and monthly rent","Sets the start and end date of the rental period, the monthly rent amount, due date, accepted payment methods, and any grace period or late fee.","The lease term commences on [START DATE] and expires on [END DATE]. Buyer shall pay Seller $[AMOUNT] per month, due on the [DAY] of each month. Payments received after [X] days will incur a late fee of $[AMOUNT].","Failing to specify a grace period and late-fee amount. Without these, the seller has limited contractual basis to charge fees or declare default for minor payment delays.",{"name":294,"plain_english":295,"sample_language":296,"common_mistake":297},"Option fee and purchase price","States the upfront option fee paid by the buyer, confirms it is non-refundable, and locks in the agreed purchase price for the duration of the option period.","Buyer shall pay Seller a non-refundable option fee of $[AMOUNT] upon execution of this Agreement. If the purchase option is exercised, the total purchase price shall be $[AMOUNT], fixed for the duration of the option period.","Omitting language explicitly stating the option fee is non-refundable. Courts in several jurisdictions have ordered option fee refunds when the contract was silent on refundability and the buyer could argue unjust enrichment.",{"name":299,"plain_english":300,"sample_language":301,"common_mistake":302},"Rent credit provisions","Defines what percentage or dollar amount of each monthly payment accumulates as a credit toward the purchase price, when credits accrue, and that they are forfeited if the option is not exercised.","$[AMOUNT] of each monthly rent payment shall be credited toward the purchase price ('Rent Credit'), accumulating only if Buyer is current on all payments. Rent Credits are forfeited if the option is not exercised by [EXPIRY DATE].","Failing to condition rent credits on the buyer being current on rent. If credits accrue even during delinquency, the seller is effectively rewarding non-payment and loses leverage in a default scenario.",{"name":304,"plain_english":305,"sample_language":306,"common_mistake":307},"Option exercise procedure","Describes exactly how and when the buyer must notify the seller of intent to purchase, what documentation must accompany the notice, and the closing timeline that follows.","To exercise the purchase option, Buyer must deliver written notice to Seller no later than [DATE] at the address listed herein. Closing shall occur within [X] days of such notice. Buyer shall arrange financing and provide proof of mortgage commitment within [X] days of exercising the option.","Leaving the exercise procedure vague — stating only that the buyer must 'notify' the seller without specifying method, deadline, or what triggers closing. Courts have voided options where the exercise mechanism was insufficiently defined.",{"name":309,"plain_english":310,"sample_language":311,"common_mistake":312},"Maintenance and repair responsibilities","Allocates responsibility for routine maintenance, major repairs, and property upkeep between the buyer and seller during the lease period.","Buyer shall be responsible for all routine maintenance and repairs costing less than $[AMOUNT]. Seller shall be responsible for structural repairs, roof, and major systems (HVAC, plumbing, electrical) costing $[AMOUNT] or more, provided Buyer provides prompt written notice.","Placing all maintenance responsibility on the tenant-buyer without a dollar threshold. Rent-to-own buyers frequently lack the financial resources for large unexpected repairs — an uncapped obligation increases default risk and can lead to property deterioration.",{"name":314,"plain_english":315,"sample_language":316,"common_mistake":317},"Default and forfeiture","Defines what constitutes a default, the notice and cure period the defaulting party receives, and the consequences — including forfeiture of the option fee and rent credits — if the default is not cured.","If Buyer fails to pay rent within [X] days of the due date or otherwise materially breaches this Agreement, Seller shall provide written notice. If the breach is not cured within [X] days of notice, this Agreement terminates and Buyer forfeits all option fees and Rent Credits accumulated to date.","No cure period before forfeiture. Without a defined notice-and-cure window, courts in many jurisdictions will imply one — or refuse to enforce forfeiture — leaving the seller unable to act decisively on a legitimate default.",{"name":319,"plain_english":320,"sample_language":321,"common_mistake":322},"Property taxes, insurance, and HOA fees","Clarifies which party pays property taxes, homeowner's insurance, and any HOA or strata fees during the lease term, and requires the buyer to maintain renter's or property insurance.","Seller shall remain responsible for property taxes and homeowner's insurance during the lease term. Buyer shall obtain and maintain renter's insurance with minimum coverage of $[AMOUNT] and provide Seller with proof of coverage within [X] days of execution.","Shifting property tax responsibility to the tenant-buyer without ensuring they have the financial means or legal standing to pay — in most jurisdictions, the owner of record is liable for taxes regardless of what the contract says.",{"name":324,"plain_english":325,"sample_language":326,"common_mistake":327},"Financing contingency and closing conditions","States that the purchase closing is conditional on the buyer obtaining a mortgage commitment by a specified deadline, and what happens if financing falls through — including whether the option fee is retained.","The purchase is contingent upon Buyer obtaining a mortgage commitment for no less than $[AMOUNT] at a rate not exceeding [X]% by [DATE]. If Buyer is unable to obtain financing by the deadline, Seller shall retain the option fee and this Agreement shall terminate.","No financing contingency at all, or one with no deadline. Without a deadline, the seller may be unable to re-list the property for an indefinite period while the buyer attempts to secure financing.",{"name":329,"plain_english":330,"sample_language":331,"common_mistake":332},"Governing law and entire agreement","Specifies which state's or province's law governs the contract, confirms the written document supersedes all prior oral agreements, and includes a severability clause.","This Agreement is governed by the laws of [STATE/PROVINCE]. This Agreement constitutes the entire agreement between the parties and supersedes all prior representations. If any provision is found unenforceable, the remaining provisions shall remain in full force.","Choosing a governing law with no connection to where the property is located. Real property transactions are generally governed by the law of the jurisdiction where the property sits — regardless of what the contract states.",[334,339,344,349,354,359,364,369],{"step":335,"title":336,"description":337,"tip":338},1,"Enter the legal names of both parties and the property description","Use the full registered legal name of the seller — if a company, confirm the entity type and state of registration. Include the property's full street address and its legal description from the deed or title record.","Pull the legal description directly from the current title or land registry record — do not use an abbreviated or informal version, as errors here can cloud the title.",{"step":340,"title":341,"description":342,"tip":343},2,"Set the lease term start date, end date, and monthly rent","Enter the exact commencement and expiry dates of the rental period. Set the monthly rent amount, the due date each month, the grace period, and the late-fee amount.","Align the lease term end date with the option expiry date — a gap between the two creates ambiguity about whether the buyer still has possession rights after the lease ends but before the option lapses.",{"step":345,"title":346,"description":347,"tip":348},3,"Define the option fee and fix the purchase price","State the upfront option fee amount, confirm it is non-refundable in explicit language, and lock in the purchase price. If both parties agree the price may be adjusted for market conditions, document the exact formula or index used.","Market-linked purchase price adjustments are risky for both parties — a fixed price with a built-in premium for the option period (typically 3–7% above current market value) is simpler to enforce.",{"step":350,"title":351,"description":352,"tip":353},4,"Calculate and document the rent credit structure","Decide what portion of each monthly payment (dollar amount or percentage) accumulates as a rent credit. State explicitly that credits accrue only when the buyer is current on all payments and are forfeited if the option is not exercised.","Keep the rent credit to 10–25% of the monthly payment. Credits set too high attract buyers who intend to walk away after accumulating credits rather than completing the purchase.",{"step":355,"title":356,"description":357,"tip":358},5,"Specify the option exercise procedure and closing timeline","State the exact written-notice method required to exercise the option (certified mail, email with read receipt, or in-person delivery), the deadline for notice, and the number of days from notice to closing.","Require the exercise notice to be sent by certified mail or courier with tracking — email-only notice can be disputed if delivery confirmation is lost.",{"step":360,"title":361,"description":362,"tip":363},6,"Allocate maintenance responsibilities with a dollar threshold","Set a clear dollar threshold separating routine maintenance (buyer's responsibility) from major system repairs (seller's responsibility). Require the buyer to notify the seller in writing before undertaking any repair above the threshold.","A threshold of $200–$500 is typical for residential rent-to-own agreements — calibrate to the property's age and condition.",{"step":365,"title":366,"description":367,"tip":368},7,"Draft the default, cure period, and forfeiture terms","Define what constitutes default (missed payments, property damage, unauthorized subletting), the written notice requirement, and the number of days the defaulting party has to cure. State that uncured default triggers forfeiture of all option fees and rent credits.","A 10–15 day cure period is standard for payment defaults; a 30-day cure period is typical for non-payment breaches. Shorter cure periods may be deemed unconscionable by courts in tenant-protection jurisdictions.",{"step":370,"title":371,"description":372,"tip":373},8,"Add the financing contingency deadline and sign before the tenant takes possession","Set a specific date by which the buyer must have a mortgage commitment if the option is exercised. Both parties must sign — and the document should be dated — before the tenant takes possession of the property.","In some states and provinces, recording the agreement (or a memorandum of it) with the land registry protects the buyer's option rights against subsequent liens or a sale to a third party by the seller.",[375,379,383,387,391,395],{"mistake":376,"why_it_matters":377,"fix":378},"No explicit non-refundable language on the option fee","Courts have ordered option fee refunds when the contract was silent on refundability, particularly if the buyer can show the seller retained the fee while reselling the property to a third party at a higher price.","Include an explicit sentence stating the option fee is non-refundable under all circumstances, including the buyer's failure to qualify for financing or decision not to exercise the option.",{"mistake":380,"why_it_matters":381,"fix":382},"Vague or missing option exercise procedure","Without a defined notice method and deadline, disputes arise over whether the option was validly exercised — leaving both parties in legal limbo and potentially requiring litigation to resolve.","State the required notice method (certified mail to a specific address), the exercise deadline date, and the number of days to closing in unambiguous, sequential language.",{"mistake":384,"why_it_matters":385,"fix":386},"Omitting a financing contingency and deadline","Without a financing deadline, the seller may be unable to re-list or refinance the property for months while the buyer attempts to obtain a mortgage — with no contractual remedy to terminate.","Include a specific date by which the buyer must deliver a mortgage commitment letter. State that failure to meet the deadline terminates the purchase obligation and that the seller retains the option fee.",{"mistake":388,"why_it_matters":389,"fix":390},"No cure period before declaring default and forfeiture","Courts in tenant-protective jurisdictions routinely refuse to enforce forfeitures triggered without prior notice and a reasonable cure period, leaving the seller with an occupying non-paying tenant and no contractual basis to remove them.","Build in a written notice step and a minimum 10-day cure period for payment defaults before any forfeiture provision is triggered. Document every missed payment and notice in writing from day one.",{"mistake":392,"why_it_matters":393,"fix":394},"Shifting property tax liability to the tenant-buyer","The seller remains the owner of record and is legally liable for property taxes in virtually every jurisdiction — a contractual shift of that obligation to the buyer does not bind the tax authority, and unpaid taxes can result in a lien or tax sale that voids the buyer's option.","Keep property taxes in the seller's name and account. If the buyer contributes to taxes as part of the arrangement, have them pay the seller, who then remits to the authority — not directly to the tax office.",{"mistake":396,"why_it_matters":397,"fix":398},"Using a standard lease form and adding a purchase option as a handwritten addendum","Handwritten addenda that conflict with pre-printed lease terms create interpretive ambiguity. Courts apply the contra proferentem rule — ambiguities are read against the drafter — and the option may be partially or wholly unenforceable.","Use a purpose-built rent-to-own template that integrates the lease and option terms in a single cohesive document, with an entire-agreement clause confirming it supersedes all prior representations.",[400,403,406,409,412,415,418,421,424],{"question":401,"answer":402},"What is a rent to own agreement?","A rent to own agreement is a contract that combines a property lease with an option for the tenant to purchase the property at a predetermined price before or at the end of the lease term. The tenant pays an upfront option fee for the right to buy, and a portion of each monthly rent payment typically accumulates as a credit toward the purchase price. If the tenant exercises the option, the credits apply at closing; if not, the option fee and credits are forfeited to the seller.\n",{"question":404,"answer":405},"What is the difference between a rent to own agreement and a lease purchase agreement?","A rent to own agreement gives the tenant an option — the right, but not the obligation — to purchase the property. A lease purchase agreement creates a binding obligation on both parties: the tenant must buy and the seller must sell at the end of the term. Rent to own is more flexible for the buyer but carries the risk that the buyer walks away; lease purchase provides more certainty for the seller but can be harder to enforce if the buyer cannot obtain financing.\n",{"question":407,"answer":408},"Is a rent to own agreement legally binding?","Yes, a properly executed rent to own agreement is generally enforceable as a binding contract when it meets the standard requirements — offer, acceptance, consideration, and mutual assent between parties with legal capacity. The option fee typically serves as consideration for the purchase option. Enforceability of specific provisions — particularly non-refundability of the option fee and forfeiture of rent credits — varies by jurisdiction and depends heavily on how clearly those terms are drafted.\n",{"question":410,"answer":411},"How much is a typical option fee in a rent to own agreement?","Option fees typically range from 1% to 5% of the agreed purchase price, though amounts vary widely depending on the market, the property, and the negotiating position of the parties. A higher option fee signals stronger buyer commitment and gives the seller greater protection if the buyer ultimately does not purchase. The option fee is almost always non-refundable and, if the option is exercised, is applied toward the purchase price or closing costs.\n",{"question":413,"answer":414},"What happens to rent credits if the tenant does not exercise the option?","If the tenant-buyer does not exercise the purchase option before the deadline, accumulated rent credits are forfeited to the seller. This is one of the most significant financial risks for the buyer in a rent to own arrangement. The agreement should state this forfeiture consequence explicitly — courts have sometimes required the seller to refund credits when the contract was silent on what happens to them upon non-exercise.\n",{"question":416,"answer":417},"Can a seller sell the property to someone else during a rent to own agreement?","Generally, no — the seller is contractually obligated to honor the option for its full term. Selling to a third party during the option period would be a material breach. However, buyers can protect themselves further by recording a memorandum of the option agreement with the land registry, which puts subsequent purchasers on notice of the buyer's option rights and prevents the seller from conveying clear title to anyone else while the option is in force.\n",{"question":419,"answer":420},"Who pays for repairs and maintenance in a rent to own agreement?","Responsibility is negotiated between the parties and spelled out in the agreement. A common structure assigns routine maintenance and minor repairs (typically under $200–$500) to the tenant-buyer and major system repairs — roof, HVAC, plumbing, structural — to the seller-landlord. Because the tenant-buyer has an ownership interest in the outcome, some agreements place more responsibility on the buyer than a standard lease would, but uncapped maintenance obligations increase default risk.\n",{"question":422,"answer":423},"Do I need a lawyer to prepare a rent to own agreement?","For straightforward residential arrangements with a clear option period, fixed purchase price, and standard lease terms, a high-quality template is a practical starting point. Legal review is strongly recommended when the property value exceeds $300,000, when the buyer has complex credit or financing challenges, when the arrangement involves a corporate seller or investor, or when either party is in a jurisdiction with strong tenant-protection laws. A 1–2 hour review typically costs $300–$700 and reduces the risk of an unenforceable forfeiture clause or defective option exercise provision.\n",{"question":425,"answer":426},"What happens at the end of a rent to own agreement if the tenant does not buy?","If the tenant does not exercise the option before the deadline, the agreement typically converts to a standard tenancy or terminates entirely, depending on how the document is drafted. The option fee and accumulated rent credits are forfeited to the seller. The seller regains full freedom to sell or re-let the property. If the tenant remains in possession past the lease end date without exercising the option, standard landlord-tenant law governs the relationship — which may require a formal eviction process to regain possession.\n",[428,432,436,440],{"industry":429,"icon_asset_id":430,"specifics":431},"Residential Real Estate","industry-real-estate","Buyers who cannot yet qualify for a conventional mortgage use rent-to-own to lock in a purchase price, build credit, and accumulate a down payment through rent credits over a 1–3 year lease term.",{"industry":433,"icon_asset_id":434,"specifics":435},"Commercial Real Estate","industry-commercial-real-estate","Commercial landlords convert vacant retail or office units into rent-to-own arrangements to attract business tenants who want long-term control of a space but are not yet positioned to purchase outright.",{"industry":437,"icon_asset_id":438,"specifics":439},"Equipment and Machinery","industry-manufacturing","Equipment dealers offer rent-to-own structures on industrial machinery, allowing businesses to operate equipment immediately while spreading the acquisition cost — with ownership transferring after a defined payment period.",{"industry":441,"icon_asset_id":442,"specifics":443},"Automotive and Fleet","industry-automotive","Vehicle dealers and fleet operators use rent-to-own agreements for commercial vehicles and specialty equipment, with weekly or monthly payments accumulating toward full ownership without requiring traditional financing approval.",[445,448,451,454],{"vs":232,"vs_template_id":446,"summary":447},"residential-lease-agreement-D12656","A standard residential lease grants the tenant the right to occupy property for a fixed term with no path to ownership. A rent to own agreement adds an option to purchase at a locked-in price, with a portion of rent accumulating as equity credit. Choose a standard lease when no ownership transfer is intended; use rent to own when the goal is eventual sale.",{"vs":114,"vs_template_id":449,"summary":450},"real-estate-purchase-agreement-D12659","A purchase agreement commits both parties to a sale on a specific closing date — the buyer must be ready to close, typically within 30–60 days. A rent to own agreement allows the buyer to occupy the property for 1–3 years before closing, using the period to build credit or save a down payment. Use a purchase agreement when financing is already secured; use rent to own when it is not.",{"vs":228,"vs_template_id":452,"summary":453},"D{LEASE_PURCHASE_ID}","A lease purchase agreement obligates the tenant to buy and the seller to sell at the end of the lease — there is no voluntary option. A rent to own agreement gives the tenant the right, but not the obligation, to purchase. Sellers prefer lease purchase for greater certainty; buyers prefer rent to own for flexibility. Both require careful attention to the consequences of a buyer who cannot obtain financing.",{"vs":129,"vs_template_id":455,"summary":456},"equipment-lease-agreement-D12672","An equipment lease agreement grants the right to use equipment for a defined period in exchange for periodic payments, with ownership remaining with the lessor unless a separate buyout is negotiated. A rent to own agreement for equipment builds a purchase option and equity credit structure into the lease from the outset, giving the lessee a clear, pre-priced path to ownership from day one.",{"use_template":458,"template_plus_review":462,"custom_drafted":466},{"best_for":459,"cost":460,"time":461},"Straightforward residential rent-to-own arrangements with an agreed price below $300,000 and a creditworthy buyer","Free","30–45 minutes",{"best_for":463,"cost":464,"time":465},"Properties above $300,000, buyers with complex credit situations, or either party in a jurisdiction with strong tenant-protection laws","$300–$700 (1–2 hour attorney review)","2–5 business days",{"best_for":467,"cost":468,"time":469},"Commercial properties, corporate sellers or investors, multi-unit arrangements, or cross-jurisdictional transactions","$1,500–$5,000+","1–3 weeks",[471,476,481,486],{"code":472,"name":473,"flag_asset_id":474,"note":475},"us","United States","flag-us","Rent to own agreements are governed by state law, and requirements vary significantly. Several states — including Texas, Illinois, and North Carolina — have specific rent-to-own statutes that impose disclosure obligations, cooling-off periods, and restrictions on forfeiture. In some states, an agreement that resembles a land contract may trigger real property transfer rules rather than landlord-tenant law. Recording a memorandum of the option with the county recorder is advisable to protect the buyer's interest against subsequent liens.",{"code":477,"name":478,"flag_asset_id":479,"note":480},"ca","Canada","flag-ca","Rent to own agreements in Canada must be assessed against both provincial residential tenancy legislation and contract law. In Ontario, British Columbia, and Alberta, residential tenancy acts impose minimum standards that may override contractual terms — including forfeiture provisions — if they are found to conflict with tenant rights. Quebec civil law treats option contracts and leases differently from common-law provinces, and French-language documentation requirements apply to provincially regulated transactions in Quebec.",{"code":482,"name":483,"flag_asset_id":484,"note":485},"uk","United Kingdom","flag-uk","Rent to own arrangements for residential property in the UK must comply with the Landlord and Tenant Act 1985 and the Consumer Rights Act 2015. The government's Help to Buy and Shared Ownership schemes offer alternative pathways to homeownership that interact with private rent-to-own arrangements. SDLT (Stamp Duty Land Tax) implications arise at the point the option is exercised and the purchase price is paid; both parties should obtain tax advice before signing. Unfair contract terms scrutiny under the Consumer Rights Act 2015 applies to agreements where one party is a consumer.",{"code":487,"name":488,"flag_asset_id":489,"note":490},"eu","European Union","flag-eu","Rent to own structures across EU member states are subject to local civil codes, consumer protection directives, and real property registration requirements that vary considerably. In France and Spain, notarial involvement is typically required for any agreement that creates an option on real property. GDPR compliance applies to any personal data collected during the contracting process. EU consumer protection law may restrict or void forfeiture clauses in agreements where the buyer is a private individual dealing with a professional seller.",[233,237,492,240,493,494,495,496,497,498,499,500],"real-estate-purchase-agreement-D13234","renewal-agreement-D14046","lease-termination-letter-D13724","property-management-agreement-D1196","receipt-for-lease-security-deposit-D1199","notice-of-change-in-rent-D1210","disclosure-notice-D534","request-to-include-landlord-in-tenant-s-liability-insurance-D1200","offer-to-purchase-real-estate-property-D1190",{"emit_how_to":189,"emit_defined_term":189},{"primary_folder":108,"secondary_folder":503,"document_type":504,"industry":505,"business_stage":506,"tags":507,"confidence":511},"real-estate-and-leases","agreement","real-estate","all-stages",[505,508,504,509,510],"lease","rent-to-own","property-purchase",0.95,"\u003Ch2>What is a Rent To Own Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Rent To Own Agreement\u003C/strong> is a legally binding contract that combines a property or equipment lease with an option for the tenant-buyer to purchase the asset at a predetermined price before or at the end of the lease term. The buyer pays an upfront, non-refundable option fee to secure the right to purchase, and a defined portion of each monthly rent payment accumulates as a credit toward the purchase price. If the buyer exercises the option by the agreed deadline, those credits apply at closing — locking in both the price and a portion of the equity from day one. If the buyer does not exercise the option, the seller retains the option fee and all accumulated credits. The agreement functions simultaneously as a lease and a unilateral purchase option, governed by both landlord-tenant law and general contract law in most jurisdictions.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly drafted rent to own agreement, both parties are exposed to serious legal and financial risk. A seller who relies on a handwritten addendum or verbal understanding has no enforceable basis to retain the option fee if the buyer walks away, no clear standard for declaring default, and no mechanism to remove a holdover tenant. A buyer without a written, recorded agreement has no protection against the seller selling the property to a third party, refinancing against the equity the buyer is building, or simply refusing to honor the option when the time comes. Courts in the United States, Canada, and the UK have consistently declined to enforce oral or informally documented rent-to-own arrangements, leaving both parties to bear losses that a clear written contract would have prevented. This template provides the complete contractual structure — option fee, rent credits, default and forfeiture terms, financing contingency, and exercise procedure — so that both parties understand exactly what they have agreed to before the tenant takes a single day of possession.\u003C/p>\n",1781185942077]