Wyoming Lease to Own Agreement

In simple terms, a Wyoming Lease to Own Agreement is a legal contract that establishes a standard Wyoming Lease Agreement in addition to an agreement for the landlord to sell the rental property to the tenant at a mutually-agreed point of time. Notably, a clause representing an exclusive right of first refusal option will be included in this portion of the agreement. This clause essentially locks in the right for the tenant to enter into negotiations to purchase the property (as per the terms of this contract) before the landlord is permitted enter into similar negotiations with any other party.