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Option to Purchase Rental Property

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Option to Purchase Rental Property 1

Option to Purchase Rental Property

stars Over 2,600 Happy South African Businesses

R 335,50

Tenants can secure future property rights with an Option to Purchase Addendum attached to a Lease Agreement.

  • Potential capital appreciation
  • Rent payments towards ownership
  • Option fee credited towards purchase
How do I receive my documents once I have paid for them?

Once your order is complete, you will be granted download permission for the document. You will:

  • See download links on the order received page after you have checked out.
  • Receive an email notification which will include download links.
  • Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
What format do you provide the document in?

You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.

What if I don't receive the link?

The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.

How can I tell if the document is suitable for my requirements?

Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.

Can I make changes to the contracts and legal documents?

Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.

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OPTION TO PURCHASE RENTAL PROPERTY

Addendum to Lease Agreement

Please note that this is not an Offer to Purchase (or Sale of Property Agreement). 

Summary Where a tenant wants to obtain an option (or a future right) to buy the leased premises, an Option to Purchase Rental Property Addendum may be signed and attached to the Lease Agreement as an addendum. The tenant can then elect to buy the property at any time before the option expires, at the agreed price.

Who should use an Option to Purchase Addendum? A property owner and his/her tenant can use an Option to Purchase Addendum when agreeing that the tenant has an option, or the right, to purchase the leased property in the future.

Note: Make sure that you have already signed a Lease Agreement, as this Option to Purchase Addendum works with the Lease Agreement, and does not replace the Lease Agreement.

The option is not for a leased property? Then view our Option to Purchase Property Agreement.

What does the Option to Purchase the Leased Property say? The Addendum covers the following issues: introduction; option to purchase; purchase price and costs; general.

What does the Option to Purchase Addendum look like? The addendum can be printed onto two pages.

What do you need to do to use the Option to Purchase the Leased Premises?

  • Make sure that you have signed a Lease Agreement.
  • Read the document to ensure that it suits your requirements. Make any changes as required.
  • Complete the relevant details in the addendum.
  • Ensure that the addendum is signed by both the tenant and the landlord.

The Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.

How do I receive my documents once I have paid for them?

Once your order is complete, you will be granted download permission for the document. You will:

  • See download links on the order received page after you have checked out.
  • Receive an email notification which will include download links.
  • Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
What format do you provide the document in?

You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.

What if I don't receive the link?

The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.

How can I tell if the document is suitable for my requirements?

Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.

Can I make changes to the contracts and legal documents?

Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.

Trusted By 2,600+ Businesses

Legal Templates For All Industries

Legal Templates For All Industries

Backed By Legal Research

OPTION TO PURCHASE RENTAL PROPERTY

Addendum to Lease Agreement

Please note that this is not an Offer to Purchase (or Sale of Property Agreement). 

Summary Where a tenant wants to obtain an option (or a future right) to buy the leased premises, an Option to Purchase Rental Property Addendum may be signed and attached to the Lease Agreement as an addendum. The tenant can then elect to buy the property at any time before the option expires, at the agreed price.

Who should use an Option to Purchase Addendum? A property owner and his/her tenant can use an Option to Purchase Addendum when agreeing that the tenant has an option, or the right, to purchase the leased property in the future.

Note: Make sure that you have already signed a Lease Agreement, as this Option to Purchase Addendum works with the Lease Agreement, and does not replace the Lease Agreement.

The option is not for a leased property? Then view our Option to Purchase Property Agreement.

What does the Option to Purchase the Leased Property say? The Addendum covers the following issues: introduction; option to purchase; purchase price and costs; general.

What does the Option to Purchase Addendum look like? The addendum can be printed onto two pages.

What do you need to do to use the Option to Purchase the Leased Premises?

  • Make sure that you have signed a Lease Agreement.
  • Read the document to ensure that it suits your requirements. Make any changes as required.
  • Complete the relevant details in the addendum.
  • Ensure that the addendum is signed by both the tenant and the landlord.

The Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.

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