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

1. Click ‘Get Form’ to open it in the editor.
2. Begin by filling in the names of the Lessor and Lessee at the top of the form. Ensure that both parties' full legal names are accurately entered.
3. In the 'Grant of Lease' section, specify the address of the leased property as described in your Residential Lease Agreement. This is crucial for clarity.
4. Next, navigate to the 'Option to Purchase' section. Enter the date after which Lessee can exercise their option to purchase and specify the purchase price clearly.
5. Indicate how many days notice Lessee must provide before exercising their option. This ensures both parties are aware of timelines.
6. Complete any additional sections regarding assignment or transfer rights, heirs and assigns, and ensure all terms are understood and agreed upon.
7. Finally, have both parties sign and date at the bottom of the document. This finalizes your agreement.

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