Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - Rhode Island 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the names of both parties in the designated fields for 'Lessor' and 'Lessee'. Ensure accuracy as these names will be used throughout the document.
  3. Fill in the address of the leased property in the 'GRANT OF LEASE' section. This should match the details provided in your Residential Lease Agreement.
  4. In the 'OPTION TO PURCHASE' section, specify the date after which Lessee can exercise their purchase option and enter the purchase price. Be sure to include any required notice period for exercising this option.
  5. Review and complete any additional sections regarding assignment or transfer rights, ensuring you understand that Lessee cannot transfer this option without Lessor's consent.
  6. Finally, have both parties sign and date at the bottom of the document. Use our platform’s signature feature for a seamless signing experience.

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