North Dakota Rent-to-Own (Lease Option) Agreement

A North Dakota rent-to-own agreement is used by a landlord to lease a unit to a tenant while giving them the option to buy the property. The tenant pays a fee to secure buying rights, which can be included in the rent or as a separate payment. The purchase option is only valid during the term set in the agreement, after which the tenant loses buying rights and any non-refundable fees.

North Dakota Rent-to-Own (Lease Option) Agreement

A North Dakota rent-to-own agreement is used by a landlord to lease a unit to a tenant while giving them the option to buy the property. The tenant pays a fee to secure buying rights, which can be included in the rent or as a separate payment. The purchase option is only valid during the term set in the agreement, after which the tenant loses buying rights and any non-refundable fees.

Last updated February 4th, 2024

A North Dakota rent-to-own agreement is used by a landlord to lease a unit to a tenant while giving them the option to buy the property. The tenant pays a fee to secure buying rights, which can be included in the rent or as a separate payment. The purchase option is only valid during the term set in the agreement, after which the tenant loses buying rights and any non-refundable fees.

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