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  3. Rent to Own Agreement Template

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Rent to Own Agreement Template

Prepared for:

[Client.FirstName] [Client.LastName]
[Client.Company]

Created by:

[Sender.FirstName] [Sender.LastName]
[Sender.Company]

Agreement Terms 

[Client.FirstName] [Client.LastName] (Renter) has expressed a desire to hold possession of [Product.Name] currently owned by [Sender.FirstName] [Sender.LastName] (Owner) and wishes to make payments following the schedule below to obtain ownership of said property. ​[Client.FirstName] [Client.LastName] shall obtain possession of the property on agreed date of [Agreement.Date]

Renter will not claim ownership of said property until all contract terms have been satisfied. 

Payment Terms

  • Renter shall pay the following amounts on the dates designated unless otherwise agreed by property owner in written documentation. 
  • In the event of late payment rental will be subject to $[LateFee.Amount] as penalty for late payment. 
  • Both parties are in agreement that legal ownership of [Property.Name] will be transferred to renter no later than 5 days following final payment of the total amount due.
  • Any fees paid to purchase of property are hereby non-refundable for any reason
  • Renter shall maintain property in clean and reasonable operating condition for the duration of this rent to own agreement. 
  • Failure of payment will result in return of property to owner without any with holdings or time delays. 
  • In the event that the Renter fails to make payment within 5 days of a payment’s due date, the Owner reserves the right to take possession of the property from the Renter.

Payment 

The following table depicts total payment amount non-inclusive of any late fees, cleaning fees, or other applicable charges. 

Name Price Qty Subtotal
 
Subtotal $0.00
Discount $0.00
Tax $0.00
Total $0.00

[Sender.Company]

Signature

MM/DD/YYYY

[Sender.FirstName] [Sender.LastName]

[Client.Company]

Signature

MM/DD/YYYY

[Client.FirstName] [Client.LastName]

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