The 3 Documents Needed
To Do A Lease Option Are
Residential Lease Agreement
On the following pages you will find all 3 documents required to do a Residential
Lease Option or Real Estate Lease Option.
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The author is not engaged in rendering legal, financial or other professional advice.
Laws and practices often vary from state to state and if legal or other expert
assistance is required, the services of a professional and competent real estate
attorney should be sought. The author specifically disclaims any liability that is
incurred from the use or application of the contents of these documents.
OPTION TO PURCHASE PROPERTY
This option to Purchase Property is entered into between____________________________________________
(“Seller”), located at _______________________________and______________________________(“Buyer”),
located at _____________________________ in consideration of and subject to the following terms and
1. GRANT OF OPTION
Seller grants and conveys to Buyer the exclusive and irrevocable option to purchase (the “Option”) the
following real estate property (the “Property”) located in _____________________________,(City)
_________________,(State), and is legally described as: _________________________________________
2. OPTION MONEY
Buyer pays Seller the sum of __________________________,Dollars ($____________________)
(the “Option Money”), the receipt of which Seller acknowledges as consideration for the Option.
3. TERM, EXERCISE/NOTICE
A. TERM. Buyer’s right to exercise this Option shall commence on the above date and shall continue until
_____________________________and including the _____________________________ day of
__________________________________ (the “Option Period”).
B. EXERCISE/NOTICE. This option shall be exercised by Buyer’s written notice to Seller of