Montana Lease to Own Agreement

The Montana Lease-to-Own Agreement combines the elements of a traditional lease with the added option for tenants to purchase the rented property at the end of the lease term. This type of agreement is particularly useful for tenants who may be unable to qualify for a mortgage when seeking to buy a home, often due to a less-than-stellar credit score.

A lease-to-own contract supports the path to homeownership by allocating a portion of each monthly payment towards a credit that can be applied to the tenant’s down payment when they decide to buy the property they were renting. This arrangement benefits both parties: tenants can work on improving their financial situation while renting, and property owners can secure a potential buyer for their property in the future.