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Lease or Rental Agreement of Residential Property with Option to Purchase and Own Property Lease Agreement made on the (date), between (Name of Lessor) of (street address, city, county, state, zip
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Such agreement for a period of twenty-four (24) months may be terminated (1) upon the written consent of (1) Lessee, at any time prior to such twenty (24) month period by written notice given by (2) the Affiliates of Lessee to (3) the Owner, if no Owner Affiliate of Lessee is located in this State, then no prior notice and such agreement remains in full force and effect with respect to such tenant. On and after the first ten (10) months following commencement of such tenancy under such agreement, any monthly rent paid by tenant or any payments required by such agreement pursuant thereto shall be due and payable to owner and, if by agreement of Affiliates of (Name of Lessee) the Owner has agreed to pay such rent to the Owner/Affiliates of Lessee, the rent shall be paid by (Name of Lessee) to the Owner and such payments, once made, shall supersede any prior notice, agreement to pay rent and/or agreement of the Affiliate to pay rent and/or any other agreement between Owner and the Owner Affiliate relating to such portion of rent and shall in no way affect the rights of the Affiliates of Lessee, as herein provided, of any portion of rent or payments or other rights under any such rental agreement and all such rights remain in full force and effect.

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