Fillable Texas Residential Lease With Option To Purchase Form printable pdf download

Texas Residential Lease With Option To Purchase Form

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TEXAS RESIDENTIAL LEASE WITH OPTION TO PURCHASE

Title 8, Chapter 92

This Lease to Purchase Option Agreement (“Option to Purchase Agreement”) is

made on ____________________________ [month, day, year] between

____________________________ (the “Seller/Landlord”) and

____________________________ (the “Buyer/Tenant”) Hereinafter known as

the “Parties”.

WHEREAS, Seller/Landlord is the fee owner of certain real property being, lying

and situated in _______________ County, ___________, Texas such real

property having a street address of ____________________________________

____________________________________________________(the “Property”).

WHEREAS, Seller/Landlord and Buyer/Tenant have together executed a prior

lease agreement, the subject of which is the aforementioned Property (the

“Lease Agreement”).

NOW, THEREFORE, for and in consideration of the covenants and obligations

contained herein and other good and valuable consideration, the receipt and

sufficiency of which is hereby acknowledged, Seller/ Landlord hereby grants to

Buyer/Tenant an exclusive option to purchase the aforementioned “Property.”

The parties hereto hereby agree as follows:

1. Rent: Tenant shall pay Landlord the annual rent of _____________________

Dollars ($________________) during said term, in monthly payments of

_____________________ Dollars ($________________), each payable monthly

on the ____ day of each month in advance at such place as we may from time to

time specify by written notice to you. Tenant shall pay a security deposit of

_____________________ Dollars ($________________) to be returned upon

termination of this Lease and the payment of all rents due and performance of all

other obligations.

2. Utilities and Services: Tenant shall at its own expense provide the following

utilities or services: Tenant must pay promptly as they become due all charges

for furnishing _____________________________________________________

________________________________________________________________

[specify, e.g., water, electricity, garbage service, and other public utilities]

to the premises during the lease term.

Landlord shall at its expense provide the following utilities or services: ________

________________________________________________________________

[specify]

Texas Residential Lease With Option To Purchase Form

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