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Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - Delaware

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

Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - Delaware Preview on Page 1

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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 and the date when the Residential Lease Agreement was signed.
Next, specify the purchase price in the 'Option to Purchase' section, along with the date after which this option can be exercised.
Indicate how many days notice must be given by Lessee to exercise their option to purchase.
Review and ensure that all sections are filled accurately, including any additional terms regarding assignment or transfer rights.
Finally, have both parties sign and date at the bottom of the document to finalize it.

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