LEASE OPTION AGREEMENT
 
 
“Seller” __________________________will allow “Buyer” _______________________ to lease option the property at: ______________________________________(Address), ___________________________(City), ___________________(State), _________ (Zip)
 
Purchase price to be: $________________
 
Term of Lease Option to be: ______________
 
Monthly Lease Payment to be: $______________ paid monthly in advance, starting the day the Tenant moves-in.
 
The term of the Lease Option to begin as soon as Buyer acquires a Lease Option Tenant for property.
 
This Lease Option Agreement Memo will be assigned by Buyer to a new Lease Option Tenant.
 
Seller has the right to approve or reject new Lease Option Tenant.
 
Seller may use the Buyer’s Lease Option Agreement forms or may use a form that Seller chooses when Tenant Buyer moves in.
 
Seller may cancel this agreement at any time if they find their own tenant or decide not to sell.  Buyer’s intention is to find a Lease Option Tenant and assign this Lease Option Agreement Memo to that Lease Option Tenant for a fee. Lease Option Tenant will then pay Seller the monthly lease amount until they exercise their option or until they end the option term.
 
Seller agrees to allow Buyer to put a sign in the yard, advertising the property for sale. If Buyer does not acquire a Lease Option Tenant to assign this deal to within 90 days of acceptance of this Lease Option Agreement Memo, this memo becomes null and void.
 
Important Disclosure: BUYER IS THE PRINCIPLE IN THIS TRANSACTION AND IS NOT A LICENSED REAL ESTATE AGENT. BUYER DOES NOT REPRESENT
ANYONE IN THIS TRANSACTION BUT THEMSELVES.
 
Signatures below signify acceptance of this agreement.
 
SELLER SIGNATURE: _______________________________  Date __________
 
SELLER NAME PRINTED: ____________________________ Date __________
 
BUYER SIGNATURE: ________________________________ Date __________
 
BUYER NAME PRINTED: _____________________________Date __________

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