Lease Option Form Check Off List

A residential Lease Option to Purchase  is a very important document. If it is your intention to fill in the blanks and prepare a completed form online you should consider doing a little research first. Below are some basic instructions to help prepare you for this task.

Collect the following information to help you complete your form

Check-Off List

LEASE PORTION

  • Name of landlord
  • Name of tenant(s)
  • Property address
  • Amount of rent $
  • Date of inception
  • What is the address where payment is to be made ?
  • What is the term of the lease ?

Types of Deposits – Having to do with Money

  • Security deposit
  • Pet deposit
  • Cleaning deposit
  • Pro-rated rent amount

OPTION PORTION

  • Purchase price of the property must be established
  • What is included.. fixtures and personal property
  • Disclaimer concerning financing
  • Encumbrances on the property and how they are to be handled
  • Rights of the tenant to examine title
  • Escrow: how costs are split? when does it close ?
  • How the option must be exercised and when it terminates
  • What happens to all the money involved ?
  • Is the consideration paid for the option refundable?

Rental Option to PurchaseDownload the Form