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LEASE OPTION ADDENDUM To be used in conjunction with the Residential Real Estate Purchase Agreement approved by Northwest Ohio REALTORS This Addendum is made part of the Residential Real Estate Purchase
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How to fill out lease option addendum

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How to fill out lease option addendum

01
Begin by reviewing the terms of the lease option agreement.
02
Identify the specific details of the addendum that need to be included.
03
Clearly outline the changes or additions being made to the original agreement.
04
Have all parties involved in the agreement sign and date the addendum to make it legally binding.

Who needs lease option addendum?

01
Real estate investors looking to secure a property for a future purchase.
02
Tenants who want the option to buy the property they are currently renting.
03
Landlords who want to offer tenants the opportunity to purchase the property in the future.
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A lease option addendum is a legal document that is added to a lease agreement to provide the tenant with the option to purchase the property at a specified price within a certain period of time.
The landlord or property owner is required to file the lease option addendum in order to provide the tenant with the option to purchase the property.
To fill out a lease option addendum, the landlord or property owner must include the details of the option to purchase, including the purchase price, option period, and any other relevant terms and conditions.
The purpose of a lease option addendum is to give the tenant the opportunity to purchase the property at a later date if they choose to do so.
The lease option addendum must include details such as the purchase price, option period, terms of the option, and any other relevant information.
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