Updated on December 18th, 2020
The Tennessee lease to own agreement, also known as the rental-purchase agreement, is a contract utilized by those who would like the possibility of buying a residence during the period of their tenancy. In order to do so, the seller/landlord and buyer/tenant will need to settle upon the terms that are to be recorded within the document. The terms that are specific to this type of lease agreement include the time span in which the option to purchase is available, the deposit required to secure the option, and the amount in which the home can be purchased for. After entering the requested data, users should then sign the form within the indicated zones to create a binding contract.
Tennessee Rental-Purchase Agreement Act – PDF