Florida Lease Agreement with Option to Purchase | PDF
A Florida residential lease agreement with an option to purchase is a form that allows a tenant and landlord to enter into a binding contract wherein the tenant has the option to buy the rental property if they so choose. Whether or not the tenant decides to activate the option’s portion of the lease, the agreement should be treated like any rental contract and is applicable to all Florida Landlord and Tenant Laws.
Purchase Option
The purchase option may be:
- General consent by the parties to agree to a price upon the intent by the tenant;
- At a specified purchase price designated in the lease;
- A first right or refusal granting the tenant the option to purchase, within a specified time period, upon the landlord receiving a written offer. The tenant will usually have the right to match the said offer of the prospective buyer.
