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Oregon Residential Lease Agreement with Option to Purchase This Residential Lease Agreement and Option to Purchase is entered into by and between Name of Seller/Lessor hereinafter referred to as Lessor and Name of Buyer/Lessee hereinafter referred to as Lessee. For and in consideration of the mutual covenants contained in this Agreement and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged the parties agree as follows Grant of Lease Lessor does...hereby lease unto Lessee and Lessee does hereby rent from Lessor the personal residence and land located at street address city state zip code with the legal description of said personal residence and land being attached hereto as Exhibit A and made a part hereof by reference. Said residence and land are hereinafter referred to as the Property. Term of Lease This Lease shall commence on the day of 20 and extend for months until the day of 20 or the date Lessee exercises his Option to purchase...the Property whichever comes first. Rental Payments Lessee agrees to pay unto Lessor as the rent the sum of per month for the first month of this Lease and for each month thereafter during the term of this Lease said sum being due on or before the day of each month. Each monthly rental payment shall be prepaid at the beginning of each month. Lessee s Covenants Lessee agrees to and understands the following A. That the Property shall be used only as a private dwelling and for no other purposes...whatsoever. B. That all the usual electric gas and water fees shall be paid be Lessee. C. That Lessee shall maintain the Property in good condition during the continuance of this Agreement and shall neither cause nor allow any abuse of the facilities within the Residence. Upon the termination or expiration of this Lease Lessee shall redeliver the property in as good condition as at the commencement of the term or as may be put in during the term reasonable wear and tear from use and obsolescence...accepted* D. That Lessee is and shall be responsible and liable for making repairs and or replacements that may be required for injury or damage to the Property equipment facilities or kitchen appliances therein* E* to the Property or attach any objects of permanence to any portion of the Residence or do anything that might cause injury or damage to the Property without the written consent of Lessor. F* That all personal property placed in or upon the Property by Lessee shall be at the sole risk...of the Lessee or the parties owning same and Lessor shall in no event be liable for the loss of or damage to any such property. G* That Lessor retains a landlord s lien on all personal property placed upon the Property to secure the payment of rent and any damages to the Property. H. That Lessee understands that the termination of this Lease may only be effective on the first day of a month. Lessee may not terminate on any day other than the first day of the month. Thus partial monthly rental...payments are not allowed and rent shall not be prorated* Rights and Privileges of Lessor Lessor shall have the following rights in addition to all other rights given by the statutory or common law of the State of Oregon The right to enter the Property at all reasonable times for the purpose of inspecting the same and/or showing the same to prospective tenants or purchasers.