About the Download

This form is an Option to
Purchase, also known as a Lease Option or a Lease Purchase Option. It grants
the tenant the right to purchase the rental property during the term of the
lease. The tenant can gain credit towards the purchase price with each on-time
rental payment. No credit is earned for late payments.  This form is
intended to accompany a Residential Lease Agreement,
a separate form that should be signed by both parties.