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A Virginia lease-to-own agreement is a residential lease with an option for the tenant to purchase the property. It documents the consideration (an upfront deposit paid by the tenant to secure the option) and purchase price. The form also contains standard rental contract terms like monthly payments, a damage deposit, and a lease term.
Laws – Virginia Lease-Purchase Agreement Act (§ 59.1-207.17)
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A Virginia lease-to-own agreement is a residential lease with an option for the tenant to purchase the property. It documents the consideration (an upfront deposit paid by the tenant to secure the option) and purchase price. The form also contains standard rental contract terms like monthly payments, a damage deposit, and a lease term.
Laws – Virginia Lease-Purchase Agreement Act (§ 59.1-207.17)
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