This rent to own agreement template has 5 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our rent to own agreement template:
RENT-TO-OWN AGREEMENT This Lease Agreement ("Lease") is entered by and between ______________________ ("Landlord") and ______________________ ("Tenant") on _______ (Date). Landlord and Tenant may collectively be referred to as the "Parties." This Lease creates joint and several liabilities in the case of multiple Tenants. The Parties agree as follows: PREMISES: Landlord hereby leases the premises located at _____________________ _________________________________ in the City of _________________, State of ________________, (the "Premises") to Tenant. LEASE TERM: The Lease will start on _____________________ and will continue as a month-to-month tenancy. In accordance with the State Statutes to terminate tenancy the Landlord or Tenant must give the other party a written one (1) months' notice of Lease non-renewal. The Tenant may only terminate their Lease on the last day of any month and the Landlord must receive a written notification of non-renewal at least ____ days prior to the last day of that month. If the Tenant plans to leave on or after the first of any month, they are responsible for that month's full rent. If the Tenant does not provide the Landlord with a written ____ days' notice, they shall forfeit their full deposit amount. LEASE PAYMENTS: Tenant(s) agree to rent this dwelling on a month-to-month basis for $ _______ per month, payable in advance on the ______ day of the calendar month for which Landlord(s) will give Tenant(s) a rebate/discount of $ _____________. SECURITY/CLEANING DEPOSIT: The security/cleaning deposit on this dwelling is $ _________. It is refundable if Tenant(s) leave the dwelling reasonably clean and undamaged. However, Landlord may apply any of all of the Security Deposit to remedy the breach, including to cover any amount owed by Tenant and/or any damages or cost incurred by Landlord due to Tenant's failure to comply. The Security deposit will not bear interest while held by the Landlord in accordance with applicable state laws and/or local ordinances. OCCUPANT(S): Only the following ____ persons and ____ pets are to live in this dwelling described as ____________________________________________________________________. Without Landlords' prior permission written permission, no other persons may live there, and no other pets may stay there, even temporarily, nor may the dwelling be sublet or used for business purposes. UTILITIES ANDS SERVICES: Charge for ☐ electricity, ☐ telephone service, ☐ cable television, ☐ heat, ☐ hot water, ☐ water, ☐ garbage pick-up, ☐ snow-removal and ☐ lawn maintenance are services/utilities provided to the apartment are included as a part of this Lease and shall be borne by the Landlord in addition to the following: __________________________________________. Remarks (if any): ______________________________________________________________________ INSURANCE: Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises. Tenant understands that Landlord will not provide any insurance coverage for Tenant's property. Landlord will not be responsible for any loss of Tenant's property, whether by theft, fire, riots, strikes, acts of God or otherwise. Landlord encourages Tenant to obtain renter's insurance or other similar coverage to protect against risk of loss. ALTERATIONS: Tenant will not make any alteration, addition or improvement to the Premises without first obtaining Landlord's written consent. Any and all alterations, additions or improvements to the Premises are without payment to Tenant and will become Landlord's property immediately on completion and remain on the Premises, unless Landlord request or permit removal, in which case Tenant will return that part of the Premises to the same condition as existed prior to the alteration, addition or improvement. Tenant will not change any existing locks or install any additional locks on the Premises without first obtaining Landlord's written consent and without providing Landlord a copy of all keys. RIGHT OF ENTRY: Landlord or it's agents may enter the Premises at the reasonable times to inspect the Premises, to make any alterations, improvements or repairs or to show the Premises to a future tenant, buyer or lender. In the event of emergency, Landlord may enter the Premises at any time. LATE CHARGES: Rent is due on the 1st of each month. If any or all of the rent is not received by the ____ of the month, $____ per day will be charged as late fees until full rental payment is received. If rent is not received by the ____ of the month, Tenant will be considered in breach of the Lease Agreement and eviction proceedings will be initiated. INSUFFICIENT FUNDS: Tenant agrees to pay the charge of $____ for each check given by Tenant to Landlord that is returned to Landlord for lack of sufficient funds. QUIET ENJOYMENT: Tenant shall be entitled to quiet enjoyment of the Premises and Landlord will not interfere with that right, as long as Tenant pays. SEX OFFENDER REGISTRY: Pursuant to law, information about specified registered sex offenders is made available to the public. Tenant understands and agrees that Tenants is solely responsible for obtaining any and all information contained in the state or national sex offender registry for the area surrounding the Premises, which can be obtained online of from the local sheriff's department or other appropriate law enforcement officials. De pending on an offender's criminal history, this information will include either the address at which the offender resides or the community of residence and zip code in which he or she resides.
