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Lease Option Agreement

Lease Option Agreement template defining terms and obligations for all parties

Lease Option Agreement
Party 1 (Name / Company)
Party 1 Address
Party 2 (Name / Company)
Party 2 Address
Effective Date
Property description and address
Lease term and monthly rent
Option fee (non-refundable
credited to purchase)
Option period (typically 1-3 years)
Purchase price (fixed or formula)
Rent credit toward purchase
Maintenance responsibility during lease
Insurance requirements
Tenant improvements allowed
Duration / End Date
Signature
Signature

A comprehensive lease option agreement defining rights and obligations.

Key Sections

  • Property description and address
  • Lease term and monthly rent
  • Option fee (non-refundable
  • credited to purchase)
  • Option period (typically 1-3 years)
  • Purchase price (fixed or formula)
  • Rent credit toward purchase
  • Maintenance responsibility during lease
  • Insurance requirements
  • Tenant improvements allowed
  • Exercise of option notice requirements
  • Consequences of non-exercise

Review with legal counsel before use.

Customize in PDFb2.

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