Utah Lease Agreement with Option to Purchase

A Utah Lease Agreement with Option to Purchase is a type of real estate agreement that allows tenants to lease property and have the option of buying it at a predetermined price and within a set period. This type of agreement is commonly used for residential leases.

The contract will outline the lease’s terms, including the contract length, the amount of rent to be paid, and any other fees associated with the rental. It will also specify the details of the option to purchase, including the purchase price, the length of time that the option is available, and any additional fees associated with exercising the option.

Also included are the respective responsibilities of the tenant and landlord. The landlord will be responsible for making sure the property is maintained and in good condition, while the tenant must make routine and on-time payments to the landlord. Other responsibilities may be included in the contract.