Agreement to Lease with Option to Purchase
Parties: Buyer _____________________________________ of
In consideration of the payments, covenants, agreements and conditions herein contained
the above parties hereby agree to lease
With an option the following property:
Subject: Property Address:
Personal property to be transferred at closing by bill of sale free of any encumbrances.
Existing Loans- At time of closing buyer may elect to take title subject to the existing loans
In the amount of $_____________________ bearing interest rate of _________% payable
________________ ( P & I )
Or the loan will be paid off by the seller.
Loan Number______________________________ Date last payment
Other Liens, back taxes,
Term of lease and option ___________________months beginning
Monthly Payment $______________due on the __________day of each month
Monthly credit toward purchase price when rent paid on time $______________
Purchase Price $________________, additional option consideration ______________to
apply towards purchase price.
1. TERMS: Seller agrees that upon the exercise of the option they will assist in
financing by taking as part of the purchase price a note in the amount of
$____________________ with payments of $_____________________
2. MAINTENANCE: The buyers shall pay for all re