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10912 Council Agenda and Packet Page 1 of 46 Mayor City Council Nina Lay cook James G. Sorenson Cheryl Brown Ed Meyer Joe B. Wright Dirt Carpenter City Manager Duane Huffman Treasurer Arlene Johnson

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What is lease purchase agreement?

A lease purchase agreement is a contract in which a person agrees to lease a property for a designated period of time with the option to purchase the property at the end of the lease term.

Who is required to file lease purchase agreement?

The person or party entering into the lease purchase agreement is typically responsible for filing the agreement.

How to fill out lease purchase agreement?

To fill out a lease purchase agreement, you will need to include information such as the names of the parties involved, the terms of the lease, the purchase price and terms, and any additional clauses or conditions that may apply.

What is the purpose of lease purchase agreement?

The purpose of a lease purchase agreement is to provide a way for individuals to gradually transition from renting a property to owning it, allowing them to lease the property and eventually purchase it.

What information must be reported on lease purchase agreement?

The lease purchase agreement should include the names of the parties involved, the terms of the lease and purchase, the property description, any lease or purchase conditions, and signatures of all parties involved.

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