Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - Utah 2026

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The document is an Option to Purchase Addendum to a Residential Lease Agreement, outlining the terms under which the Lessee can purchase the leased property from the Lessor. It specifies the lease details, the option for purchase including price and notice requirements, restrictions on assignment or transfer of the option, and confirms that all agreements are binding on heirs and assigns. The addendum emphasizes that it constitutes the entire agreement between both parties.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the names of the Lessor and Lessee in the designated fields at the top of the document.
In the 'Grant of Lease' section, fill in the address of the leased property as described in your Residential Lease Agreement.
Next, specify the date after which the Lessee can exercise their option to purchase, along with the purchase price in cash.
Indicate how many days' notice must be given by Lessee to Lessor when exercising this option.
Review and complete any additional sections regarding assignment or transfer rights, ensuring all parties understand their obligations.
Finally, have both parties sign and date at the bottom of the document to finalize the agreement.

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