West Virginia Lease Agreement with Option to Purchase
The West Virginia Lease Agreement with Option to Purchase Form app is a lease agreement for a property that is for rent, however, an option in the contract, which the tenant can pay an option fee to elect, allows for the renter to eventually become a buyer of the property.
5,000 Companies save time and money with GoCanvas
This rent-to-own agreement identifies the option fee, and a purchase price that can be paid to take ownership of the property, and identified the rent credit the landlord/seller is making available. Additionally, the lease contains typical lease terms such as the lease period, the monthly rent, security deposit information, and other typical lease agreement items.
Options to Purchase can be helpful tools for tenants seeking to purchase real estate, but that may not be in a position to do so immediately, or who may want to rent somewhere before deciding to buy. A rent-to-own home in many cases allows payment towards the purchase price to be offset by rent credits, which are accumulated as a percentage or certain dollar amount, from each monthly rental payment. If the purchase option is not taken, there are no rent credits (i.e., they are only viable if a renter is purchasing the real real estate).
GoCanvas accounts come
with hundreds of form templates
Don't take our word for it...
“I’m not a tech guy and I was able to pick this thing up in probably an hour, and actually start to build apps. I’ve done them over lunch when I’ve gotten frustrated with a process that didn’t exist in our company. So for non tech people who’ve got a problem, the support here is awesome and I’d recommend it to anybody, not just in our industry.”
