The
Lease Option (also known as
Rent to Own) is a service
where a tenant has the
option, but not the
obligation, to execute a
purchase agreement at a
later time (usually during
or at the end of the lease
period). There are three
separate agreements
associated with this
service: a Lease Agreement,
an Option Agreement, and a
Purchase Agreement.
Lease
Agreement
We execute an extensive
marketing and advertising
campaign, for Sale and for
Lease. We receive
calls from potential tenants
and buyers, show the
property, run credit and
background checks, and
process lease applications
and agreements.
Click here to read more
about our Leasing Service.
Property
Management
We handle all of the tasks
associate with full service
Property Management, which
include billing,
maintenance, rents, and
more.
Click here to read more
about our Property
Management Service.
Option
Agreement
We execute
CAR Form OA,
Option Agreement. This
agreement, for
consideration, gives the
tenant the right, but not
the obligation, to execute
the purchase the asset at a
later in time.
Purchase
Agreement
We execute a
CAR Form RPA
Residential Purchase
Agreement, between the
Landlord and the Tenant,
which the Tenant has the
right to execute, provided a
given set of terms and
conditions has been met.