Idaho Lease to Own Agreement
The Idaho Lease to Own Agreement is an official template that allows a tenant to purchase a rented property at the end of the lease term if desired. Before signatures are recorded on the contract, the parties will typically negotiate a purchase price for the home as well as the monthly payments to be made. Payments generally occur on the first (1st) of every month and are usually higher than standard lease payments. This is to help reduce the final purchase price of the property, as a portion of the rent will go towards the down payment on the home.
Idaho Lease to Own Disclosures: § 28-36-105