North Dakota Rent to Own Lease Agreement Template

The North Dakota rent-to-own lease agreement grants the lessee the possibility of acquiring the rental home throughout the period of the tenancy. In other words, the lessee will essentially act like your average tenant to a certain extent, making monthly payments, depositing funds in case of damages, and having exclusive rights to occupy the premises. But, on top of that, they may also purchase the dwelling at any time during the course of the agreement.

With that said, this privilege isn’t just made available to anyone requesting it. It will most definitely require some type of upfront deposit to attain the option (the amount will vary depending on the transaction and the terms surrounding it). Parties that have discussed and agreed to the conditions presented should transcribe them to the document and reinforce the declarations made by offering the necessary signatures.