The Rent To Own Agreement Template – Alberta, Canada is offered in multiple formats, including PDF, Word, and Google Docs. These formats are both customizable and suitable for printing, catering to your specific requirements effortlessly.
Rent To Own Agreement Template Alberta – Canada Editable – PrintableSample
1. Parties Involved 2. Property Description 3. Purpose of the Agreement 4. Rent Details 5. Option to Purchase 6. Duration of the Agreement 7. Maintenance Responsibilities 8. Default Conditions 9. Governing Law 10. Signatures and Acceptance
PDF
WORD
Examples
[Tenant’s Name]
[Tenant’s Address]
[Tenant’s Phone]
[Tenant’s Email]
[Landlord’s Name]
[Landlord’s Address]
[Landlord’s Phone]
[Landlord’s Email]
This Rent To Own Agreement (“Agreement”) establishes the terms between [Tenant’s Name] and [Landlord’s Name] for renting the property located at [Property Address] with an option to purchase, starting on [Start Date].
The property described herein is located at [Property Address], comprising of [number of bedrooms, bathrooms, and specific features].
The Tenant agrees to pay a monthly rent of [amount] due on the [day of the month].
The Tenant has the exclusive right to purchase the property at a price of [purchase price] during the rental term or by [Purchase Deadline Date].
[percentage]% of each monthly rent payment will be credited toward the purchase price if the Tenant exercises the purchase option.
The Tenant is responsible for general maintenance and repairs of the property, while the Landlord must address major structural issues.
Failure to pay rent on time or comply with the terms of the Agreement may lead to termination and eviction by the Landlord.
This Agreement shall be governed by the laws of Alberta, Canada.
[Tenant’s Signature]
[Tenant’s Name]
[Landlord’s Signature]
[Landlord’s Name]
[Tenant’s Name]
[Tenant’s Address]
[Tenant’s Phone]
[Tenant’s Email]
[Landlord’s Name]
[Landlord’s Address]
[Landlord’s Phone]
[Landlord’s Email]
This Agreement outlines the terms for a Rent To Own arrangement concerning the property at [Property Address], effective from [Start Date].
The rental term will last for a period of [number of months/years], with an option to extend upon mutual agreement.
The total rent to be paid over the term is [total amount], with monthly payments scheduled as per Clause 2.
The Tenant agrees to pay a security deposit of [amount], which will be refundable upon termination of the lease, subject to condition assessments.
To exercise their option to purchase, the Tenant must notify the Landlord in writing at least [number of days] days prior to the intended purchase date.
The Landlord has the right to conduct property inspections with [number of days] days’ notice to the Tenant to ensure compliance with maintenance responsibilities.
Any disputes arising from this Agreement shall first be attempted to be resolved through mediation, before seeking other legal remedies.
This Agreement shall be governed by the legal framework of Alberta, Canada.
[Tenant’s Signature]
[Tenant’s Name]
[Landlord’s Signature]
[Landlord’s Name]
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