Florida Lease to Own (Option to Purchase) Agreement Template

The Florida Lease to Own (Option to Purchase) Agreement Template may be used when a landlord and tenant both wish to provide the option to transfer a property while attempting to minimize the involvement or amount typically necessary from financial institutions. This can be a real money saver to all involved parties however it should be noted that an agreement is only as beneficial as each party’s ability to uphold and maintain it. For this reason both landlord/seller and tenant/buyer must be sure to accurately represent their ability to uphold and maintain the agreement for the duration of the term involved.

A lease to own option will give both parties the right and ability to transfer the ownership of the leased property for a set amount of money from the landlord to the tenant. In such a case the landlord shall be considered a seller and the tenant will be considered a buyer. This does not necessarily negate a residential agreement since it is an option which may be enacted (should the tenant decide to within the defined period they are allowed to). It should be noted that for the duration of the lease the landlord must uphold his or her responsibilities as a landlord, as defined by the applicable city, state, and federal government. In addition the tenant must also maintain their responsibilities for the duration of the lease. At all points in time, this agreement is considered a binding contract to both parties once it is signed.

How to Write

Step 1 – In the first paragraph enter the month, day, and year of the lease arrangement, the full name of the seller/landlord, and the full name of the buyer/tenant.

Step 2 – In the second paragraph, enter the county where the property is located, the state, and the street address on the lines provided (in this order).

Step 3 – In Item 1, labeled “Rent”, enter the total amount of rent that will be paid in one year’s time (note such information will be required to be written out and input numerically in this document). The next amount to be entered will be the monthly payment amount. Then enter the calendar day of the month this is due upon. Finally, this section will require the security deposit amount required to enter this agreement entered.

Step 4 – In item 2, “Utilities and Services,” list all the utilities the tenant must pay for in the first area, then all the utilities the landlord is responsible for in the second area.

Step 5 – In Item 4, “Option Term,” enter the first date when the tenant may utilize the option to buy the property. Then enter the last date the tenant may utilize the option to buy the property.

Step 6 – In the paragraph labeled “Option Consideration,” enter the dollar amount a tenant/buyer must pay for the option to purchase. Note the terms that accompany this amount.

Step 7 – Item 7 or “Purchase Price” will define the required amount to purchase the property. First enter the total purchase amount that must be received by the landlord to transfer the property ownership to the tenant. Then enter the credit amount from each monthly payment which shall be applied in the tenant’s favor to the purchase amount.

Step 8 – In Item 17, enter the county whose laws this agreement and purchase must be in compliance with.

Step 9 – The final section of this document will be the signature section. This is the part of the agreement that verifies both the landlord/seller and the tenant/buyer have read, understood, and desire to enter this contract. First the Seller/landlord must sign and print his/her name. Then the Buyer/Tenant must sign and print their names. This will be followed by the agent’s signature and the witness’s signature.

Related pages

eviction letter for nonpayment of rentsample 30 day notice to tenant californiatriple net lease examplegeneric rental lease agreementdmv bill of sale vaeviction process in idahosample of 30 day notice to vacatenh rental applicationmvd power of attorneynotice of termination of tenancy formpennsylvania affidavitrent increase letter samplemarriott authorization formnotarize documents upscolorado residential lease agreementgeorgia llc operating agreementsample waiver of liability and hold harmless agreementwest virginia landlord tenant lawsetting up an llc in louisianadmv form 130-umd dnr boat registration30 day rental notice to vacatelandlord lease termination noticenew jersey durable power of attorney formnew hampshire registry of deedspurchase agreement nebraskafree printable employee write up formletter of tenancyalabama non compete lawprime therapeutics fax numberohio notary acknowledgementvirginia association of realtors residential leasevirginia notice to vacateroom rental agreement templatenew jersey durable power of attorney formnorth carolina health care power of attorneydakota boats manufacturerrental laws in scform vtr 346eviction notice florida lawrental agreement idahomember managed operating agreementfillable power of attorney formcontractor lien releasepnc formresidential lease template wordstate of maine boat registrationcommercial sublease agreement formlandlord move out letterflorida eviction rulesagreement to lease residential ontariosimple loan agreement template freesample of promissory note for lending moneydurable power of attorney financial formquitclaim covenants definition30 day notice to vacate pdfblank rental agreement californiawv power of attorneykentucky eviction noticetexas tenant rights handbooknotice to vacate sample letter to landlord60 day lease termination notice templateauto accident release of liability formwarranty deed template freepromissory notes templatenh rsa 540us script prior auth formsouth dakota registered agentsample lease agreement dckauai department of motor vehiclesdgif boat registrationdmv form 706usaa mail deposit address