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Landlord Resources
- Residential Landlord-Tenant Code – Title 25, Part III
- Titles and Conveyances – Title 25, Part I, Chapter 3
- Handbook (Guide) – A Summary of the Delaware Residential Landlord-Tenant Code
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.
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.