Hawaii Residential Lease with Option to Purchase

Hawaii landlords, grant your tenant an option to purchase their rental property with this Residential Lease with an Option to Purchase.

• The lease portion of the Agreement is a standard-form fixed term lease governing the rental of the property, payment of rent and security deposit, landlord's and tenant's obligations, etc.
• A portion of the montly rent will be applied towards the purchase price, after a specified number of months in the lease term have been completed.
• Fair market value of the property will be mutually determined by the parties.
• The purchase option is null and void if the tenant breaches the lease.
• The tenant may exercise the option before the exercise date if he/she has the funds to complete the purchase.
• This is a fully customizable MS Word document.
• Intended to be used only in the State of Hawaii.