California Lease to Own Agreement
The California Lease to Own Agreement is a useful contract that contains a condition that serves as a purchase agreement within the overall lease. Before signing and notarizing the lease, the landlord and tenant will negotiate on a final purchase price. Negotiating a price in advance is known to benefit the tenant, as home prices typically rise in price over time. Typically, the monthly rent will be larger than an average lease in order to reduce the overall purchase price of the property.