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RESIDENTIAL LEASE WITH OPTION TO PURCHASE

10.

Possession:

If Lessor is unable to deliver possession of the

premises

at the commencement

hereof,

Lessor shall

not be liable for any damage caused thereby nor shall this agreement be void or voidable, but Lessee shall not

be liable for any rent until possession is delivered, Lessee may terminate this agreement if

possession

is not

delivered within __________ days of the commencement of the term hereof.

11. Security/Option

Consideration:

The security deposit of $______________ shall secure the performance of the

Lessee's

obligations hereunder. Lessor may, but shall not be obligated to, apply all or portions of said deposit on

account of lessee's obligations

hereunder.

Any balance remaining upon termination shall be returned to Lessee.

12. Deposit Funds: Any returnable deposits shall be refunded

within

fifteen (15) days from the date possession is

delivered

to Lessor or his/her authorized agent.

13. Attorney Fees: The prevailing party shall be entitled to all costs incurred in connection with any legal action

brought by

either

party to enforce the terms hereof or relating to the demised premises, including reasonable

attorneys' fees.

14.

Notices:

Any notice which either party mayor is required to give may be given by mailing the same, postage

prepaid,

to Lessee or at such other places as may be designated by the parties from time to time.

15. Heirs, Assigns,

Successors:

This lease and option shall include and insure to and bind the heirs, executors,

administrators,

successors and assigns of the respective parties hereto.

(mo./day)

16. Time: Time is of the essence of this agreement. This offer shall terminate if not accepted before

_____________

(yr.)_________.

17. Holding

Over:

Any holding over after expiration of the term of this

lease,

with the consent of the Lessor, shall be

construed as a month-to-month tenancy in accordance with the terms

hereof,

as applicable.

18.

Default: If Lessee shall

fail

to pay rent when due or perform any term hereof after not less than three (3) days

written notice of such default given in the manner required by

law,

the Lessor at his/her option may

terminate

all rights of the Lessee

hereunder,

unless Lessee,

within

said time, shall cure such default. If Lessee abandons or

vacates the property while in default of payment of rent, Lessor may consider any property left on premises to

be abandoned and may dispose of the same in any manner allowed by

law.

In the event the Lessor reasonably

believes that such abandoned property has no value, it may be discarded.

19.

Option: Lessee shall have the option to purchase the leased premises described

herein

upon the following

TERMS and CONDITIONS:

a) The total purchase price shall be $____________ (_____________________________________ dollars)

b) The purchase price shall be paid as follows:

20.

Encumbrances: Lessee shall take title to the property subject

to:

1) Real Estate Taxes not yet due and

2) Covenants, conditions, restrictions, reservations, rights, rights of way, and easements of

record,

if any.

21.

Examination of

Title:

Lessee shall have fifteen (15) days from the date of receipt of title report to examine the

title to the property and to report, in writing, any valid objections thereto. Any exceptions to the title which

would be disclosed by examination of the records shall be deemed to have been accepted unless reported in

writing within said fifteen (15)

days.

If Lessee objects to any exceptions to the title, Lessor shall use all due

diligence to remove such exceptions at his/her own expense within sixty (60) days thereafter. If such exceptions

cannot be removed within the sixty (60) days

allowed,

all rights and obligations hereunder may, at the election

of the

Lessee,

terminate and end unless he/she elects to purchase the property subject to such exceptions.

Washington Landlord Association

WLA 65

Page 2 of 3

Residential Lease With Option To Purchase Page 2

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