Delaware Rent-to-Own (Lease Option) Agreement

A Delaware rent-to-own agreement combines a residential lease and a purchase addendum that grants a tenant the right to rent property for a set term with the option to buy. This option often rides on the tenant’s ability to require financing for the purchase. The contact may also demand a consideration payment, which may be a fixed amount or a portion of the monthly rent.

Delaware Rent-to-Own (Lease Option) Agreement

Last updated June 7th, 2025

A Delaware rent-to-own agreement combines a residential lease and a purchase addendum that grants a tenant the right to rent property for a set term with the option to buy. This option often rides on the tenant’s ability to require financing for the purchase. The contact may also demand a consideration payment, which may be a fixed amount or a portion of the monthly rent.