Hi there....A lease to purchase is really only a lease agreement with a provision giving the tenant the right to purchase the property at some point in time. The big issue with regard to a lease to purchase that needs to be agreed upon by the landlord and tenant is whether or not any portion of the lease payments will count toward the purchase price. Within the purchase provision, which will need to provide a mechanism by which the tenant will notify the landlord of tenant's election to purchase, should also be a reference to the purchase agreement -- you can use the standard Board of Realtors form - agreed to be used in the event the tenant elects to purchase. Attach this as an exhibit so everyone is on the same page in the event of an election to purchase.

I hope this has given you the guidance you were seeking. I wish you the best of luck!

If I have adequately answered your question, even though the answer might not have been the one for which you hoped, I would appreciate it if you would please click the GREEN "ACCEPT" button NOW, so that I receive credit for my work; otherwise, though you've made a deposit, I do not receive credit.

If you need additional clarification on this question after clicking ACCEPT, please don't hesitate to click "Reply" and I will be happy to do what I can to help you further. Thanks for allowing me to be of service to you.

The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.