The Oregon rent-to-own lease agreement equips lessees with the right to buy the property that they are tenants of. This is normally taken advantage of by homebuyers looking to purchase a specific property, but need more time to get approved for a mortgage. Compulsory data that is unique to this document includes the time span in which the option to purchase is available, the sum of money needed to obtain the option, and the amount of the final purchase price. All parties, including a witness and an agent (if hired), should sign the contract in the designated areas below.