Leasing with option to purchase

Sometimes a lessee initially commits to leasing a property and then is offered the opportunity to eventually purchase the property at the end of the lease, on terms agreed upon in advance by the parties. The purchase option may appear in a promise to lease or a clause in the lease, or it may take the form of an opportunity that was not foreseen at the time of signing the lease.

Because the obligations of the parties and the role of the broker may differ depending on the scenario, it is recommended to refer to the article Residential rent-to-own demystified for details.