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EXHIBIT C Last modified: 3/2/15 MONTANA DEPARTMENT OF NATURAL RESOURCES & CONSERVATION OPTION TO LEASE AGREEMENT This Option to Lease Agreement, is entered into this Day of, 2015, by and between the

How to fill out option to lease agreement

How to fill out an option to lease agreement:

1. Start by reviewing the lease agreement: Before filling out the option to lease agreement, thoroughly read and understand the terms and conditions of the original lease agreement. Familiarize yourself with the lease period, rent amount, and any additional clauses or provisions.
2. Identify the parties involved: Clearly identify the lessor (landlord) and the lessee (tenant) in the option to lease agreement. Include accurate legal names, addresses, and contact information for both parties.
3. Specify the property details: Provide a detailed description of the property being leased in the option to lease agreement. Include the address, unit number (if applicable), and any specific features or amenities of the property.
4. Determine the option period: Clearly state the duration of the option period in the agreement. The option period is the time frame within which the lessee can exercise their option to lease and rent the property.
5. Include the option fee: Specify the amount of the option fee, if applicable. The option fee is a sum of money paid by the lessee to the lessor for the privilege of having the option to lease the property. It is usually non-refundable.
6. Outline the terms of the option: Clearly state the terms and conditions under which the lessee can exercise their option to lease. This may include requirements such as providing written notice, paying the first month's rent, or meeting certain criteria.
7. Indicate the rent amount: Specify the monthly rent amount the tenant will have to pay during the lease term if they choose to exercise their option. Include any information regarding future rent increases, if applicable.
8. Include any additional provisions: Depending on the specific circumstances, you may need to add additional provisions to the option to lease agreement. For example, if the lessee has the right to purchase the property at the end of the lease term, this should be clearly stated.

Who needs an option to lease agreement:

1. Property owners: Option to lease agreements are commonly used by property owners who want to give potential tenants the opportunity to secure the right to lease the property prior to the actual lease term.
2. Future tenants: Potential tenants who want to secure the ability to lease a property at a later date may request an option to lease agreement. This allows them to reserve the property and protect themselves from another tenant renting it.
3. Real estate investors: Investors who plan to purchase a property and then lease it out later may use an option to lease agreement to secure the potential rental income before completing the purchase.

In summary, understanding how to fill out an option to lease agreement involves reviewing the lease terms, specifying the property details, determining the option period, including the option fee, outlining the terms of the option, indicating the rent amount, and adding any additional provisions. Both property owners and potential tenants may require an option to lease agreement, and real estate investors can also utilize it for investment purposes.

For pdfFiller’s FAQs

What is option to lease agreement?

An option to lease agreement is a legal document that gives one party the exclusive right to lease a property at a specified price within a certain period of time.

Who is required to file option to lease agreement?

The party who wishes to exercise the option to lease agreement is required to file it.

How to fill out option to lease agreement?

To fill out an option to lease agreement, one must include the details of the property, the lease terms, and the price of the lease.

What is the purpose of option to lease agreement?

The purpose of an option to lease agreement is to give one party the right to lease a property at a specific price within a certain timeframe.

What information must be reported on option to lease agreement?

The option to lease agreement must include details such as the property address, the lease term, the price of the lease, and the timeframe in which the option can be exercised.

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