Lease-to-Own / Lease-Purchase Agreement template and PDF guide...

Prepare rental and lease terms online, then generate a formal PDF for tenant-landlord execution. Use this when a tenant wants a path to buying the property they are renting, and...

When to use this template

Prepare rental and lease terms online, then generate a formal PDF for tenant-landlord execution. Use this when a tenant wants a path to buying the property they are renting, and you agree to give them an option or obligation to purchase at a set price after a defined rental period.

What to include

  • Purchase price of the property (either fixed now or determined by a formula at the end of the lease), option fee (non-refundable upfront payment for the right to buy), and how much of each monthly rent payment is credited toward the purchase.
  • Lease term and purchase deadline: the date by which the tenant must exercise their option to buy, and what happens if they do not (typically they forfeit the option fee and rent credits).
  • Maintenance and repair responsibilities during the lease period — lease-purchase agreements often shift more maintenance burden to the tenant since they are the prospective buyer.
  • Conditions the tenant must meet to complete the purchase: obtaining mortgage approval, passing inspections, and maintaining the property in good condition.
  • What happens if the tenant defaults on rent, damages the property, or cannot secure financing — including forfeiture terms, eviction rights, and refund policies.

Common questions

Can I customize this Lease-to-Own / Lease-Purchase Agreement online for each tenant or property?
Yes. Edit rent terms, responsibilities, dates, and property details in-browser before finalizing.
Can I save this Lease-to-Own / Lease-Purchase Agreement and reuse it for future units?
Yes. With an account, save and duplicate it to keep leasing paperwork consistent across your portfolio.
Can I generate a sign-ready PDF from this Lease-to-Own / Lease-Purchase Agreement?
Yes. Export a professional PDF suitable for e-sign, print signing, and legal recordkeeping.
What is the difference between a lease-option and a lease-purchase?
A lease-option gives the tenant the right but not the obligation to buy. A lease-purchase obligates both parties to complete the sale if the tenant meets the agreed conditions.
Is the option fee refundable if the tenant decides not to buy?
Typically no. The option fee compensates the landlord for taking the property off the market. Make sure the agreement clearly states the fee is non-refundable.
Who pays for repairs during the lease period?
This is negotiable, but many lease-to-own agreements require the tenant to handle most repairs and maintenance since they are working toward ownership.
What if the property's value drops below the agreed purchase price?
The tenant can usually walk away (forfeiting the option fee and rent credits) under a lease-option. Under a lease-purchase, they may still be obligated to buy — which is why getting an appraisal before signing is important.

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