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Rent to Own Agreement

PandaTip: This section of the rent to own agreement template serves as an area to capture all agreement participants information as well as the agreement date.

Agreement Terms

[Renter.FirstName] [Renter.LastName] has expressed a desire to hold possession of [Product.Name] currently owned by [Owner.FirstName] [Owner.LastName] and wishes to make payments following the schedule below to obtain ownership of said property.
[Renter.Name] 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

PandaTip: This prefilled payment terms in the rent to own agreement template are completely customizable to fit individual needs. This template will provide coverage of any and all payment terms set forth in the rent to own agreement.

  • 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 withholdings 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

PandaTip: Use the table provided in the rent to own agreement template to document all payment totals due for the rent to own agreement as well as any taxes and fees associated with the agreement.

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

Name Price QTY Subtotal
$0.00
1
$0.00
$0.00
1
$0.00
$0.00
1
$0.00

Subtotal       $0.00
Total    $0.00

PandaTip: Once all fields have been customized in the rent to own agreement template you can send this template to your client for esignature.

Owner Renter
Signed By:
[Owner.FirstName] [Owner.LastName]
Rent to Own Agreement Template
___________________________
Date:Rent to Own Agreement Template2
Signed By:
[Renter.FirstName] [Renter.LastName]
Rent to Own Agreement Template
___________________________
Date:Rent to Own Agreement Template2