Florida Lease Agreement with Option to Purchase – PDF Template
The Florida residential lease agreement with an option to purchase is a form that allows a tenant and landlord to come together for the renting of livable property while giving the habitant the right to buy the real estate. Whether or not the tenant decides to activate the option portion of the lease, the agreement should be treated like any rental contract and is applicable to all Florida Landlord and Tenant Laws.
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.