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SANTA FE COUNTY DEPARTMENTINVITATION FOR RELEASE, LEASE TO PURCHASE OR PURCHASE OF ELECTRIC VEHICLE NO. 20180153PW/JUNE 2018IFB NO. 20180153PW/MUTABLE OF CONTENTS Advertisement for Bids.2 A. BIDDING

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How to fill out lease lease to purchase

01

Start by entering the date on the lease agreement.

02

Include the names and contact information of both the tenant and the landlord.

03

Specify the address of the rental property and indicate whether it is a house, apartment, or condominium.

04

Clearly state the duration of the lease, including the start and end dates.

05

Outline the terms and conditions of the lease, such as the rent amount, due date, late payment fees, and security deposit.

06

Describe any additional fees, such as maintenance or pet fees.

07

Include any restrictions or rules that the tenant must follow, such as noise regulations or smoking policies.

08

Specify whether the tenant has the option to purchase the property at the end of the lease term and if so, include the purchase price or method of determining it.

09

Detail the procedure for renewing the lease or terminating it early.

10

Both the tenant and landlord should sign and date the lease to make it legally binding.

Who needs lease lease to purchase?

01

Lease-lease to purchase agreements are beneficial for individuals who want to rent a property with the option to buy it in the future. This arrangement is suitable for tenants who are unsure about committing to a property for a long term but want the possibility of homeownership.

02

It is also useful for homeowners who are having difficulty selling their property and are open to the idea of renting it out with a potential buyer in mind. In this case, the agreement can give the tenant the opportunity to test the property before making a purchase decision.

03

Real estate investors may also find lease-lease to purchase agreements advantageous as they allow for potential rental income while providing the possibility of a future sale.

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