Colorado Lease to Own Agreement Form

The Colorado lease to own agreement chronicles a report of the promise to rent a domicile for a specified time and monetary distribution. The document differs from a standard residential lease agreement because it includes a supplementary benefit of the option to purchase upon lease termination. The lease arrangement details the identities of those entering into the contract, the property address, the parameters of the lease term, the monthly rental amount, and the cost of the option to purchase. Lease to own agreements must conform to regulation put forth by state law included in the Colorado Revised Code § 5-10. Distinctive language required by law is included in the provided form and covered in the contained paragraphs.