Use this template to create a Lease Agreement with an Option to Purchase at the end of the term for a residential property in Maryland. The lease is for a fixed term, which should be at least 2 years. THIS IS NOT A CONTRACT TO BUY. Provisions of the lease include:

• late charges.
  
• security deposit.
  
• lead paint disclosure.
  
• parking.
  
• pets.
  
• landlord right of access to the premises.
  
• tenant disturbances and illegal activities.
  
• insurance.
  
• holding over.

Provisions of the option to purchase include:

• setting aside a percentage of lease funds towards the purchase after a specified portion of the lease term has been successfully completed.
  
• fair market value of property to be mutually determined by the parties.
  
• option is null and void if tenant breaches the lease.
  
• tenant may exercise the option early if tenant has the funds to complete the purchase.

This is a US legal agreement in MS Word format.