Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - District of Columbia 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 ensures clarity on what property is being discussed.
4. Next, navigate to the 'Option to Purchase' section. Here, enter the date after which Lessee can exercise their option to purchase and specify the purchase price. Make sure these details are clear and precise.
5. Fill in the notice period required for Lessee to inform Lessor about exercising their option. This is crucial for adhering to timelines.
6. Review sections regarding assignment or transfer rights and heirs and assigns, ensuring you understand these terms before signing.
7. Finally, sign and date the document at the bottom where indicated for both Lessor and Lessee. Ensure all signatures are present before finalizing.

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