Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - North Dakota 2026

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 that all names are spelled correctly for legal accuracy.
3. In the 'Grant of Lease' section, fill in the address of the leased property as described in your Residential Lease Agreement. This ensures clarity on what property is being discussed.
4. Next, specify the date after which the Lessee can exercise their option to purchase. This is crucial for establishing a timeline for potential purchase.
5. Indicate the purchase price in the appropriate field. Make sure this amount is agreed upon by both parties prior to signing.
6. Complete any additional sections regarding notice periods and terms of sale as outlined in the document, ensuring all details are accurate and complete.
7. Finally, have both parties sign and date at the bottom of the form. This finalizes your agreement and makes it legally binding.

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