The Rent To Own Agreement Template – Ontario is offered in multiple formats, including PDF, Word, and Google Docs. These options are both customizable and ready for printing, ensuring they cater to your requirements effortlessly.
Rent To Own Agreement Ontario Template – Canada Editable – PrintableSample
1. Parties Involved 2. Property Description 3. Purpose of the Agreement 4. Rent Amount and Payment Terms 5. Option Fee 6. Duration of the Agreement 7. Responsibilities of the Parties 8. Purchase Terms 9. Default Conditions 10. Dispute Resolution 11. Governing Law 12. Signatures and Acceptance
PDF
WORD
Examples
[Tenant’s Name]
[Tenant’s ID]
[Tenant’s Address]
[Tenant’s Phone]
[Tenant’s Email]
[Landlord’s Name]
[Landlord’s ID]
[Landlord’s Address]
[Landlord’s Phone]
[Landlord’s Email]
This Rent To Own Agreement (“Agreement”) outlines the terms between [Tenant’s Name] and [Landlord’s Name] regarding the rental and purchase of the property located at [Property Address], commencing on [Start Date].
The property subject to this Agreement is a [Description of Property: e.g., 3-bedroom house, apartment, etc.] located at [Property Address].
The Tenant agrees to pay a monthly rent of [Amount] on or before the [Specific Date] of each month for the duration of the tenancy.
The Tenant shall pay a non-refundable option fee of [Amount] to obtain the right to purchase the property at any time during the Agreement.
The purchase price of the property shall be [Amount], which will remain fixed during the term of this Agreement.
The Tenant agrees to keep the property in good condition, pay for utilities, and maintain insurance as required during the rental period.
In the event of a default in rental payments or breach of this Agreement, the Landlord may terminate the Agreement with [Notice Period].
This Agreement shall be governed by the laws of Ontario, Canada.
[Tenant’s Signature]
[Tenant’s Name]
[Landlord’s Signature]
[Landlord’s Name]
[Tenant’s Name]
[Tenant’s ID]
[Tenant’s Address]
[Tenant’s Phone]
[Tenant’s Email]
[Landlord’s Name]
[Landlord’s ID]
[Landlord’s Address]
[Landlord’s Phone]
[Landlord’s Email]
This Rent To Own Agreement establishes the terms and conditions under which [Tenant’s Name] will rent and possibly purchase the property located at [Property Address] starting from [Start Date].
The lease term will be for [Duration of Lease], with an option to purchase the property within that period.
A portion of each monthly rent payment, [Amount or Percentage], will be credited towards the eventual purchase price of the property.
The Tenant is responsible for all minor repairs and maintenance. The Landlord will handle major repairs unless caused by Tenant’s negligence.
The Tenant has the right to purchase the property anytime during the lease. To exercise this option, a written notice must be provided 30 days in advance.
Upon exercising the option, a sales agreement will be drafted. The tenant must arrange financing prior to purchase.
The Tenant may terminate this Agreement with [Notice Period] notice. Option fees will be forfeited in the event of early termination.
This Agreement shall be governed by the laws of Ontario, Canada.
[Tenant’s Signature]
[Tenant’s Name]
[Landlord’s Signature]
[Landlord’s Name]
Printable
