Tenants, exercise an option to purchase your rental property with this free Notice of Intention to Exercise Purchase Option form.
NOTICE OF INTENTION TO EXERCISE PURCHASE OPTION
- If your lease contains a provision granting you an option to purchase the property, there will be a clause describing how you need to notify your landlord that you want to exercise the option.
- This form is generic and can be used anywhere.
- You can download the customizable MS Word template, or copy and paste the text below.
Date: ____________________________, 20_____
TO: _______________________________________ (name of landlord)
______________________________________________________________________________ (address of landlord)
Notice is hereby provided that the undersigned as Lessee under that certain lease (the â€œLeaseâ€) dated _____________________, 20_______ does hereby exercise the purchase option granted under the Lease to purchase the property described as:
(give the address of the rental property, or if it's a rural property, give the legal description)
for the option price of $___________________.
As provided in the Lease, enclosed herewith is a (check / money order) in the amount of $___________ to be applied as a deposit toward the purchase option.
(Signature of Lessee)
Last Updated: 14-April-2016