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The agreement details annual rent paid in advance, security deposit return conditions, tenant obligations for utilities and compliance with applicable laws, and landlord utility responsibilities with limits on warranties and service interruptions. It establishes the option term, required notice with a valid closing date, non-refundable option consideration credited only on timely exercise and closing, and purchase price credits tied to timely monthly payments.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/lease-to-purchase-option-agreement-exclusive-option-to-purchase-real-property-terms/282984/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/lease-to-purchase-option-agreement-exclusive-option-to-purchase-real-property-terms/282984.png","ImageObject",442,249,{"name":88,"@type":89},"Genevieve","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-11-02","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":8},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What does the buyer/tenant receive under this agreement?","Question",{"text":108,"@type":109},"The buyer/tenant receives an exclusive option to purchase the specified real property during the option term, subject to the agreement’s conditions for notice, eligibility, and closing.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How is the option consideration handled if the buyer/tenant exercises the option?",{"text":113,"@type":109},"The buyer/tenant pays a non-refundable fee. If the option is timely exercised and closing occurs while the buyer/tenant is not in default, the fee is credited toward the purchase price at closing.",{"name":115,"@type":106,"acceptedAnswer":116},"How are monthly rent payments credited to the purchase price?",{"text":117,"@type":109},"Provided the buyer/tenant timely executes the option, is not in default, and closes the conveyance, each timely monthly lease payment is credited toward the purchase price. Payments received after the due date are not credited at closing.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},282984,1790266037,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":8,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":47,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":73},1374391974585,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","LEASE TO PURCHASE OPTION AGREEMENT  \nThis Lease to Purchase Option Agreement (“Option to Purchase Agreement”) is made on   [month, day, year] between  \n   (the “Seller/Landlord”) and  \n   (the “Buyer/Tenant”) . WHEREAS, Seller/Landlord is the fee owner of certain real property being, lying and situated in   County, Alabama, such real property having a street address of  \n_____________________________________________  \n___________________________________________________________________________________  \n(the “Property”) .  \nWHEREAS, Seller/Landlord and Buyer/Tenant have together executed a prior lease agreement, the subject of which is the aforementioned Property (the “Lease Agreement”) .  \nNOW, THEREFORE, for and in consideration of the covenants and obligations contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller/ Landlord hereby grants to Buyer/Tenant an exclusive option to purchase the aforementioned “Property.”The parties hereto hereby agree as follows:  \n1. Rent: Tenant shall pay Landlord the annual rent of $  during said term, in monthly payments of $  , each payable monthly on the first day of each month in advance at such place as we may from time to time specify by written notice to you. Tenant shall pay a security deposit of $  to be returned upon termination of this Lease and the payment of all rents due and performance of all other obligations.  \n2. Utilities and Services: Tenant shall at its own expense provide the following utilities or services: Tenant must pay promptly as they become due all charges for furnishing    [specify, e.g., water, electricity, garbage service, and other public utilities] to the premises during the lease term.  \nLandlord shall at its expense provide the following utilities or services:__________________________________________ [specify]  \nLandlord does not warrant the quality or adequacy of the utilities or services specified above, nor does Landlord warrant that any of the utilities or services specified above will be free from interruption caused by repairs, improvements, or alterations ofthe building or the premises or any of the equipment and facilities of the building, any labor controversy, or any other causes of any kind beyond Landlord's reasonable control. Any such interruption--and any other inability on Landlord's part to fulfill Landlord's lease obligations resulting from any such cause--will not be considered an eviction or disturbance of Tenant's use and possession of the premises, or render Landlord liable to Tenant for damages, or relieve Tenant from performing Tenant's lease obligations.  \n3. Tenant further agrees that:  \na) Condition of Premises: Upon the expiration of the Lease it shall return possession of the leased premises in its present condition, reasonable wear and tear, fire casualty excepted. Tenant shall commit no waste to the leased premises.  \nb) Assignment or Subletting: Tenant shall not assign or sublet said premises or allow any other person to occupy the leased premises without Landlord's prior written consent.  \nc) Alterations: Tenant shall not make any material or structural alterations to the leased premises without Landlord's prior written consent.  \nd) Compliance with Law: Tenant shall comply with all building, zoning and health codes and other applicable laws for the use of said premises.  \ne) Tenant’s Conduct: Tenant shall not conduct on premises any activity deemed extra hazardous, or a nuisance, or requiring an increase in fire insurance premiums.  \nf) Pets: Tenant shall not allow pets on the premises.  \ng) Right of Termination and Re-Entry: In the event of any breach of the payment of rent or any other allowed charge, or other breach of this Lease, Landlord shall have full rights to terminate this Lease in accordance with state law and re-enter and re-claim possession of the leased premises, in addition to such other remedies available to Landlord arising from said bre","cbCaifeBygQCDQ2H","https://ap.wps.com/l/cbCaifeBygQCDQ2H","pdf",213647,"English","# Option Term and Rent Terms\n## Rent, Security Deposit, and Utilities\n# Tenant Obligations and Landlord Remedies\n## Condition, Assignment, Alterations, Compliance, Conduct, Pets\n# Option to Purchase Mechanics\n## Notice, Option Consideration, Purchase Price and Credits","[{\"question\":\"What does the buyer/tenant receive under this agreement?\",\"answer\":\"The buyer/tenant receives an exclusive option to purchase the specified real property during the option term, subject to the agreement’s conditions for notice, eligibility, and closing.\"},{\"question\":\"How is the option consideration handled if the buyer/tenant exercises the option?\",\"answer\":\"The buyer/tenant pays a non-refundable fee. If the option is timely exercised and closing occurs while the buyer/tenant is not in default, the fee is credited toward the purchase price at closing.\"},{\"question\":\"How are monthly rent payments credited to the purchase price?\",\"answer\":\"Provided the buyer/tenant timely executes the option, is not in default, and closes the conveyance, each timely monthly lease payment is credited toward the purchase price. Payments received after the due date are not credited at closing.\"}]","Lease to Purchase Option Agreement - Exclusive Option to Purchase Real Property Terms | PDF",1789586575]