Washington Lease to Own Agreement
Generally speaking, a Washington Lease to Own Agreement is akin to entering into a Lease with Option to Purchase Contract for furniture, appliances, or a motor vehicle. The “buyer” (i.e. the tenant) agrees to lease an item (i.e. the rental property) from the “seller” (i.e. the landlord) with the end goal of purchasing it from them. The major difference is that leasing to own a property comes with a set of real estate related provisions which must be upheld, as can be found in the agreement provided here.