Missouri Lease to Own Agreement
The Missouri Lease to Own (Option to Purchase) Agreement gives homeowners the “middle ground” stance between outright selling a property and turning it into a standard rental by combining a residential lease with a purchase agreement. Once an interested tenant is found, the parties will negotiate the terms of the lease and the purchase price of the property. This negotiated price often comes as an advantage to tenants, as home appreciation would most likely result in a pricier home at the end of the lease were it not decided ahead of time.
Missouri Rental-Purchase Agreement Law – §§ 407.660 to 407.665