Alabama Lease to Own Agreement Form


The Alabama lease to own agreement promotes the necessary documentation of the rental of a dwelling for a predetermined period for an agreed-upon price. This form further allows for an extended option for the first refusal to purchase once the rental period has been fulfilled. The implemented paperwork provides for both parties to nominate the particulars involved in the transaction, such as names, lease terms, payment amount, option fee, purchase amount, as well as other pertinent information. The State of Alabama mandates that the language in leasing contract meet the standards put forth in the Alabama Code 27-2A-3.