Single-Family Home Lease Option Agreement

This Lease Option Agreement ("Agreement") is entered into as of by and between:

Landlord/Seller:
Tenant/Buyer:
Property Address:

1. Lease Term

The lease term shall commence on and end on unless terminated earlier as provided herein.

2. Rent

The monthly rent shall be $ , payable in advance on the first day of each month to the Landlord/Seller at:

3. Option to Purchase

The Tenant/Buyer shall have the exclusive option to purchase the Property during the lease term for a purchase price of $ . The option must be exercised by giving written notice to the Landlord/Seller on or before .

4. Option Consideration

The Tenant/Buyer shall pay non-refundable option consideration in the amount of $ , due upon execution of this Agreement. This amount be applied to the purchase price if the option is exercised.

5. Maintenance and Repairs

6. Default

7. Additional Terms