Oregon Lease to Own Agreement

The Oregon Lease-to-Own Agreement is a form that outlines an arrangement between a landlord and tenant, where a tenant can exercise an option to purchase the rental at the end of the term, should they want to. The amount charged may depend on whether the tenant will pay for the purchase price of the dwelling at the completion of the Lease-to-Own Agreement or in monthly installments bundled in with the periodic rent.

The lease-to-own option can provide flexibility for tenants who are unable to purchase a home outright or obtain a mortgage due to credit or financial constraints. By entering into a Lease-to-Own Agreement, tenants can accumulate savings and improve their credit history, while property owners can secure a future buyer and earn consistent rental income during the lease term.