Free Rent with Option to Buy Contract Form
The Importance of Rent with Option to Buy Contract Form for Renter
To have a house is a dream for everyone, but not all people able to buy a house because the price and maintenance need a lot of money. To overcome that problem, there is a rent house which can be used for a short or long time period. If someone feels that they are able to buy the rent house, then there is a specific contract to help the client to get the house. The rent with option to buy contract has some important subjects among other the covenant to rent a house and change into buying the house, the agreement of the old owner to release the house, and the sum of payment of the house.
In the rent to own contract forms, the appellant must make a statement about the house that will be bought. In the first paragraph, the appellant should write the reason why he or she as the renter wants to buy the house. If the owner agrees to sell the house, then write the proper date, year, month, and day when the house transferable. The renter shall pay the owner suitable for the deal before, write when the payment already paid with a date and time. The owner can give another term and condition, and the last both of them should give signature in the bottom of the paper.
This type of contract template is not too different with the other contract. Its main focus is on the rent to own, lease agreement, and property lease. There are some conditions that the renter needs to fulfill to buy a house with all of the property, but there is also a condition when the owner just want to sell the house without the property or furniture. These terms and conditions should be included in the rent to own contract. Both of renter and owner must read the contract carefully and seriously, there are some parts that can be profitable or disadvantageous to both parties.
Rent with option to buy contract form in Word – download