Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - New Jersey 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the names of the Lessor and Lessee in the designated fields at the top of the document.
3. Fill in the address of the leased premises where indicated, ensuring accuracy as this is crucial for legal purposes.
4. Specify the date after which the Lessee can exercise their option to purchase, along with the purchase price in cash that will be due at closing.
5. Indicate how many days' notice must be given by Lessee to Lessor when exercising this option, and ensure all parties understand these terms.
6. Review sections regarding assignment or transfer rights, ensuring clarity on restrictions placed on Lessee without Lessor's consent.
7. Finally, have both parties sign and date at the bottom of the document to formalize the agreement.

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