{"product_id":"option-purchase-rental-property","title":"Option to Purchase Rental Property","description":"\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eOPTION TO PURCHASE RENTAL PROPERTY \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eAddendum to Lease Agreement\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cstrong\u003ePlease note that this is \u003cu\u003enot\u003c\/u\u003e an Offer to Purchase (or Sale of Property Agreement). \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eWhere 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.\u003c\/p\u003e\n\u003cstrong\u003eWho should use an Option to Purchase Addendum? \u003c\/strong\u003eA 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.\n\nNote: Make sure that you have already signed a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/residential-lease-agreement-no-agent-involved\/\"\u003eLease Agreement\u003c\/a\u003e, as this Option to Purchase Addendum works with the Lease Agreement, and does not replace the Lease Agreement.\n\nThe option is not for a leased property? Then view our \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/option-purchase-property\/\"\u003eOption to Purchase Property Agreement\u003c\/a\u003e.\n\n\u003cstrong\u003eWhat does the Option to Purchase the Leased Property say? \u003c\/strong\u003eThe Addendum covers the following issues: introduction; option to purchase; purchase price and costs; general.\n\n\u003cstrong\u003eWhat does the Option to Purchase Addendum look like? \u003c\/strong\u003eThe addendum can be printed onto two pages.\n\n\u003cstrong\u003eWhat do you need to do to use the Option to Purchase the Leased Premises?\u003c\/strong\u003e\n\u003cul\u003e\n \t\u003cli\u003eMake sure that you have signed a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/residential-lease-agreement-no-agent-involved\/\"\u003eLease Agreement\u003c\/a\u003e.\u003c\/li\u003e\n \t\u003cli\u003eRead the document to ensure that it suits your requirements. Make any changes as required.\u003c\/li\u003e\n \t\u003cli\u003eComplete the relevant details in the addendum.\u003c\/li\u003e\n \t\u003cli\u003eEnsure that the addendum is signed by both the tenant and the landlord.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cstrong\u003eThe 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.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164043772044,"sku":"AO-3619","price":339.16,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Option-to-Purchase-Rental-Property-1.jpg?v=1789524793","url":"https:\/\/agreementsonline.co.za\/products\/option-purchase-rental-property","provider":"Agreements Online","version":"1.0","type":"link"}