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

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.

Last updated February 6th, 2024

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.

  1. Home »
  2. Lease Agreements »
  3. Delaware »
  4. Rent-to-Own