Lease With Option To Buy Form »

: The tenant pays a non-refundable "option consideration" fee, typically ranging from 2% to 7% of the purchase price.

: Grants the tenant the exclusive right to buy the home at a predetermined "strike price". During this period, the seller is legally barred from offering the property to other buyers. How the Process Works lease with option to buy form

: At the end of the term, the tenant can choose to exercise the option to buy or walk away. If they choose not to buy, they generally forfeit both the initial option fee and any accumulated rent credits. Key Benefits and Risks How To Structure A Lease Option To Buy : The tenant pays a non-refundable "option consideration"