Fillable Printable Lease Agreement With Option to Purchase

Lease Agreement With Option to Purchase

Example of a Residential Lease

with Option to Purchase

About this Tool

Description:

This example of an agreement between a developer and a lease-

purchaser is intended to illustrate how NSP grantees, subrecipients

and developers are using lease-purchase programs. It is intended

to be used with the following companion documents: “Sample

Residential Lease with Option to Purchase, Annotated” and its

attachments: “Move in Notice (Guideform Notice to Prospective

Tenant),” “Lease-Purchaser Guide,” and “Maintenance Checklist,”

“Sample Lease-Purchase Policies and Procedures Manual,”

“Sample Lease-Purchase Developer Agreement,” “Sample Lease-

Purchase Financial Pro Forma,” and “Guidance on Lease

Purchase Qualification Criteria.”

How to Adapt this Document:

This document provides an example of a residential lease with an

option to purchase, and is not intended to be used as-is. NSP

grantees should determine if the underlying program design is

suitable for their own circumstances. For further guidance, NSP

grantees should consult the series of sample NSP Toolkit

documents that are listed above.

Source of Document:

This document was developed by Colorado Rural Housing

Development Corporation.

Disclaimer:

This document is not an official HUD document and has not been

reviewed by HUD counsel. It is provided for informational purposes

only. Any binding agreement should be reviewed by attorneys for

the parties to the agreement and must conform to state and local

laws.

This resource is part of the NSP Toolkits. Additional toolkit

resources may be found at www.hud.gov/nspta

U.S. Department of Housing and Urban Development

Neighborhood Stabilization Program