Rent To Own Memo

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1. When putting the price, make sure to put today’s fair market value. Keep in mind that if your price is too high it may not appraise at the time of sell.

4. The term of the lease option begins as soon as buyer acquire a lease option tenant for the property.

5. This lease option agreement memo will be assigned by the buyer to a new lease option tenant.

6. Seller has the right to approve the new lease option tenant.

7. Seller may cancel this agreement on anytime if they find their own tenant or decide not to sell. Buyer’s intention is to find a lease option tenant and assign this lease option agreement memo to that Lease option tenant for a fee. Lease option tenant will then pay seller the rent amount until he/she exercises the option or until the end the option term.

8. Seller agrees to allow buyer to put a sign in the yard advertising the property for sale. If the buyer does not acquire a lease option Tenant to assign this memo to within 90 days of acceptance of this lease option agreement memo, this memo will become null and void.

9. Important disclosure buyer is the principal in this transaction although license buyer is not acting as real estate agent and does not represent anyone in this transaction but themselves