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Alberta Residential Lease with Option to Purchase
Alberta landlords, give your tenant an option to buy their rental premises with this Residential Lease Agreement with Option to Purchase.
- The lease portion is a standard form residential lease, which includes a Premises Inspection Report and a set of Lease Rules and Regulations.
- Option Payments. The tenant can make option money payments (of a stated minimum amount) at any time during the term of the lease, which will be deducted from the purchase price.
- Exercise. The tenant can exercise the option to purchase at any time during the term, but the option can only be exercised if all rent payments are up to date and the lease is in good standing.
- Refund. The agreement provides for a refund of all option payments if the tenant decides not to exercise the option. If the tenant defaults under the lease or fails to complete the sale, the landlord retains a percentage of all moneys paid as liquidated damages.
- This legal contract is available as a downloadable and fully editable Microsoft Word form.
- Intended for use in the Province of Alberta, Canada.
$29.99
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.
$39.99