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LEASE FOR LEASE/PURCHASE AGREEMENT EXHIBIT (THIS EXHIBIT TO BE USED ONLY WITH F20 FOR LEASE/PURCHASE AGREEMENTS) 2018 Printing N For and in consideration of $10 and other good and valuable consideration,

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How to fill out lease for leasepurchase agreement

01

To fill out a lease for a lease purchase agreement, follow these steps:

02

Begin by entering the names and addresses of both the lessor (the landlord) and the lessee (the tenant/buyer).

03

Specify the term of the lease, including the start and end dates.

04

Describe the property being leased, including the address and any specific details or amenities.

05

Indicate the monthly rent amount and any additional fees or charges.

06

State the option consideration or upfront payment made by the lessee for the right to purchase the property.

07

Provide details on the purchase price, including any down payment or subsequent payments.

08

Outline the terms and conditions of the lease, including provisions on maintenance responsibilities, repairs, and utilities.

09

Include any additional clauses or provisions that are relevant to the agreement.

10

Ensure that both the lessor and lessee review and sign the lease agreement.

11

Make copies of the completed lease agreement for each party involved.

12

It is important to consult with a legal professional or real estate attorney to ensure the lease agreement meets all legal requirements and protects the rights and interests of both parties involved.

Who needs lease for leasepurchase agreement?

01

A lease for a lease purchase agreement is typically needed by individuals or entities who are interested in acquiring a property but are unable to purchase it outright or secure traditional financing.

02

This agreement is often beneficial for individuals looking to buy a home but may not have a sufficient down payment or are facing credit challenges.

03

It can also be useful for property owners who are having difficulty selling their property and want to generate rental income while offering a potential buyer an opportunity to purchase the property in the future.

04

Both tenants/buyers and landlords/sellers can benefit from a lease purchase agreement as it allows for flexibility in terms of renting and potentially owning the property.

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