Site: nolo.com
... An option- to-purchase agreement is an arrangement in which, for a fee, a tenant or investor acquires ... In the residential context, an option to purchase is usually a part of a rent-to-own agreement, also ... This involves a tenant entering into a standard lease or rental agreement, in addition to acquiring the ... For more details, see the Nolo article, The Basics of Rent-To-Own Agreements. ... Do You Need a Lawyer to Draft an Option-to-Purchase Agreement? ... Key Terms in Option-to-Purchase Agreements ...