The Rent To Own Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. These formats are both customizable and ready for printing, ensuring they cater to your requirements effortlessly.
Rent To Own Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Property Details 3. Purpose of Agreement 4. Rent and Payment Terms 5. Option to Purchase 6. Duration of Agreement 7. Maintenance Responsibilities 8. Early Termination Conditions 9. Default Conditions 10. Governing Law 11. 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] for a rent-to-own arrangement regarding the property located at [Property Address], commencing on [Start Date].
The property subject to this Agreement is described as follows:
[Property Description including type, size, and specific details].
The agreed purchase price of the property is [Purchase Price], which will be applicable if the tenant opts to buy before [Option Expiry Date].
The Tenant agrees to pay a monthly rental fee of [Monthly Rent] which includes a rent credit of [Rent Credit] that will be applied towards the purchase price if the property is bought within the specified timeframe.
The Tenant has the exclusive right to purchase the property during the term of this Agreement under the terms outlined herein. If exercised, the balance due after applying the rent credits shall be payable at closing.
The Tenant is responsible for routine maintenance of the property during the tenancy. Any major repairs must be notified to the Landlord, who will bear the cost unless caused by Tenant’s negligence.
In the event of a breach of this Agreement, the Landlord may terminate the tenancy with appropriate notice as per Canadian tenancy laws, and the Tenant may forfeit any rights to the rent credits accrued.
This Agreement shall be governed by the laws of the Province of [Province] and the applicable federal laws of 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 Agreement defines the terms of a rent-to-own option between [Tenant’s Name] and [Landlord’s Name] for the premises located at [Property Address] starting on [Start Date].
The lease term under this Agreement shall commence on [Start Date] and continue for a period of [Lease Term Duration], unless terminated sooner in accordance with the provisions herein.
The Tenant has the option to purchase the property at any time during the lease term at the agreed-upon purchase price of [Purchase Price].
For every monthly payment made, a portion of [Rent Credit]% will be credited towards the purchase price upon a successful transaction.
The Tenant shall be responsible for all utility costs including but not limited to electricity, water, and gas during the lease term.
The Tenant agrees to obtain renter’s insurance covering personal property within the premises and provide proof of such insurance to the Landlord.
Either party may terminate this Agreement with a written notice of [Notice Period] under the conditions described, including failure to comply with terms outlined.
This Agreement will be interpreted according to the laws of the Province of [Province] and the federal laws of Canada.
[Tenant’s Signature]
[Tenant’s Name]
[Landlord’s Signature]
[Landlord’s Name]
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