Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - Massachusetts 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 document. 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 purchase option 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. Review the 'Assignment or Transfer' clause and ensure you understand that Lessee cannot transfer this option without Lessor's consent.
7. Finally, have both parties sign and date at the bottom of the document. This finalizes your agreement.

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