A lease is a long-term rent of a property, such as cars, real estate properties, condo units, office spaces, etc. A lease agreement is used for this kind of transaction to record and document what both parties have agreed on. There are instances when a leased property can become your own and that is through a lease purchase agreement. In this type of agreement, the lessee pays the lessor the recurring payment amount for the lease until such time that the property becomes fully paid. This is an option provided by the lessor to the lessee and is not all the time offered in all lease agreements. It has similarities to that of a rent-to-own agreement. Once both parties agree to this kind of arrangement, the agreement becomes legally binding. Here are some other lease purchase agreement samples that you might want to check out.
Lease Purchase Agreement Samples
1. Real Estate Lease Purchase Agreement Sample
You can lease a real estate property until such time you have pad it in full. The real estate lease purchase agreement is a good sample to use if you want to create or write a lease purchase agreement for a real estate property. This kind of arrangement usually takes place between a buyer and a real estate property owner or agency. The sample shown above is a convenient document that can also be used as one’s own purchase agreement template.
2. Residential Lease Purchase Agreement Sample
A piece of land can be bought with a land purchase agreement, but there won’t be any house on it. Truth be told, buying a residential property is something that is not easy to do. Why not lease and then purchase the property. With a residential lease purchase agreement, you can lease the property while giving an option to purchase it. The sample template shown above is simple, but it has all the details you need in it. There are blanks where you can write or supply the required information, and important details are written in bold so that they can be easily seen.
3. Landlord/Tenant Lease Purchase Agreement Sample
The landlord/tenant lease purchase agreement sample is perfect for those who own a leased property that they want to sell to their tenants. The sample template is three pages long, which means it is not too short and too long. The provisions of the agreement are numbered and are clearly written in bold and capital letters so that they can be distinguished from the rest of the texts. The provisions include a term of option, exclusivity of option, notice required to exercise option, purchase price, closing and settlement, remedies upon default, etc.
4. Sample Lease Purchase Agreement Form
This lease purchase agreement form sample literally has everything you need in one document. Why do I say so? It is because instead of a lease purchase agreement, it also includes a sublease purchase agreement, an escrow agreement, a lease payment schedule, delivery acceptance certificate, etc. Isn’t that just convenient. You can get a lot of templates in just one document. The sample template is created for use in the City of Philadelphia, so you can be sure that it is a reliable document.
5. Master Lease Purchase Agreement Sample
A master lease agreement is an agreement that has a master lease option. A master lease option allows you to lease a particular property as a single tenant and have it subleased to another tenant. The sample master lease purchase agreement above is the type of lease purchase agreement you should be using if you want this kind of arrangement. The sample uses a generic layout that is commonly used in agreements and other legal documents. This sample is best used as a reference or as your own agreement template.
6. Standard Lease Purchase Agreement Sample
Need a lease purchase agreement that you can use on a lot of things? Then what you need is this standard lease purchase agreement sample. The sample consists of two pages and all the provisions in it are numbered; this way it will be easy to look for them. Each section is also thoroughly defined in single paragraphs. To complete the document, you will need to supply the required information that is related to the agreement. This is indeed a convenient tool to use.
7. Sample Property Lease Purchase Agreement
Use this lease purchase agreement sample if you want to write a lease purchase agreement for a particular property. The different section in the sample includes a definition of the lease property, terms, rental, conditions for the use of the property, risk of loss or damages, title of ownership of property, etc. And since the sample is not for sale, you can safely download and use it.
8. Equipment Lease Purchase Agreement Sample
The City of Oklahoma uses this equipment lease agreement sample for doing equipment lease transactions in their city. This is a great sample to use as it can be a reference document that can be used when writing your own lease agreement and it can also be an agreement template that you can use as your own. With the appropriate application or software, you can easily make changes to the document to make it your own. Isn’t that just wonderful?
9. Vehicle Lease Purchase Agreement Sample
Want to lease a vehicle and be able to purchase it in the long run? A vehicle lease purchase agreement is your key to getting that done. The agreement provides an option for you to own the vehicle after you have fully paid the vehicle’s total selling price plus the interest. This is indeed a good template to use.
10. Master Equipment Lease Purchase Agreement Sample
A master equipment lease purchase agreement will allow you to lease a certain equipment and still be ale to have it subleased to another entity. This is a good way to do business and the sample template above will surely help you!
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