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LEASE TO OWN AGREEMENT OF SONOFRESCO COFFEE ROASTER This lease, effective as of today's date, is between SONOFRESCO, LLC, a Washington Limited Liability Company, 1365 Pacific Drive, Burlington, Washington

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How to fill out lease to own agreement

01

Step 1: Write or type the title of the lease to own agreement, clearly stating that it is a lease to own agreement.

02

Step 2: Include the names and addresses of both the landlord/seller and the tenant/buyer.

03

Step 3: Specify the term of the lease, including the start and end date.

04

Step 4: Determine the monthly rent amount and specify when it is due.

05

Step 5: Outline the purchase price of the property and any applicable down payment.

06

Step 6: Include the terms of the option fee, if applicable.

07

Step 7: Detail the responsibilities of both the landlord/seller and the tenant/buyer, including maintenance and repairs.

08

Step 8: Specify any penalties or consequences for defaulting on the agreement.

09

Step 9: Include any additional terms or clauses that are relevant to the specific lease to own agreement.

10

Step 10: Have both parties review the agreement, make any necessary revisions, and sign and date the document in the presence of a witness or notary public.

Who needs lease to own agreement?

01

Anyone who wants to rent a property with the intention of eventually purchasing it may need a lease to own agreement.

02

This agreement is commonly used by individuals who may not qualify for traditional mortgage financing or do not have sufficient funds for a down payment.

03

It provides an opportunity for tenants to build equity in the property and potentially transition into homeownership.

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What is lease to own agreement?

A lease to own agreement is a contract where a tenant is given the option to purchase the leased property at the end of the lease term.

Who is required to file lease to own agreement?

Both the landlord and the tenant are required to file the lease to own agreement.

How to fill out lease to own agreement?

The lease to own agreement should be filled out with detailed information about the property, lease terms, purchase option details, and signatures of both parties.

What is the purpose of lease to own agreement?

The purpose of a lease to own agreement is to give the tenant the option to purchase the property they are leasing at a later date.

What information must be reported on lease to own agreement?

The lease to own agreement must include the property details, lease terms, purchase option price, and the rights and responsibilities of both parties.

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