Lease Purchase Agreement 3Lease Purchase Agreement 3Lease Purchase Agreement 3
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Example of a Residential Lease
with Option to Purchase
About this Tool
This example of an agreement between a developer and a leasepurchaser is intended to illustrate how NSP grantees, subrecipients
and developers are using lease-purchase programs. It is intended
to be used with the following companion documents: “Sample
Residential Lease with Option to Purchase, Annotated” and its
attachments: “Move in Notice (Guideform Notice to Prospective
Tenant),” “Lease-Purchaser Guide,” and “Maintenance Checklist,”
“Sample Lease-Purchase Policies and Procedures Manual,”
“Sample Lease-Purchase Developer Agreement,” “Sample LeasePurchase Financial Pro Forma,” and “Guidance on Lease
Purchase Qualification Criteria.”

How to Adapt this Document:
This document provides an example of a residential lease with an
option to purchase, and is not intended to be used as-is. NSP
grantees should determine if the underlying program design is
suitable for their own circumstances. For further guidan