Kentucky Lease to Own Agreement
The Kentucky Lease to Own Agreement is a template that combines the act of renting and (optionally) purchasing a home into one convenient contract. This method of leasing is popular among certain tenants for several reasons, one of which is that it gives tenants who cannot obtain a loan (mainly due to a poor credit score), the ability to improve their credit score until the lease terminates, where they will be required to either purchase or walk away.
Kentucky Rental-Purchase Agreement Law – §§ 367.976 to 367.985