Sublease Agreement – The act by which a person, the “original tenant”, decides to authorize another person, the “subtenant”, to take over their lease for part or the end of its term. You rent a room in your home using a lease that states that you are only renting one room and not the entire property. If you are a tenant living in a rented property, you can sublet a room to another tenant through a space rental agreement. Rent-to-Own (sometimes also called purchase option or lease-to-own) is when a landlord offers tenants the opportunity to buy the rented property. Both the tenant and the lessor must keep a copy of the signed agreement for their documents. Messages – If the tenant or landlord violates any part of the rental agreement, the parties must have both addresses (mail and/or email) to which each can send a notification. EzLandlordForms offers many types of rentals. Here are some of the most common and what you need to know about each type: The main rental themes are as follows (in alphabetical order) A landlord would use this lease form if they want to give the tenant the opportunity to purchase the property at any time during the lease. Also called Rent to Own Agreement, it allows a landlord to give a tenant the option to purchase at the end of the rental period or on another agreed date.
The form defines all the conditions of the hire purchase agreement, including the sale price. The “Leasing Option Agreement” form can be fully processed to allow you to insert your own custom terms and other texts. A lessor would use this lease form if they wish to give the tenant the opportunity to purchase the property at any time during the lease.