California Lease to Own Agreement
A California lease-to-own form is designed to provide an agreement between a landlord and tenant that allows the tenant to eventually purchase the property they are renting. The agreement outlines the terms of the lease, including the monthly payment amount, the lease’s length, and the property’s purchase price. By signing this form, both parties agree to the terms and conditions of the lease-to-own arrangement.
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.