Option to Purchase Addendum to Residential Lease - Lease or Rent to Own - Oregon 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 document. 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 which property is being discussed.
4. Next, move to the 'Option to Purchase' section. Here, enter the date after which Lessee can exercise their option to purchase and specify the purchase price. Be sure these figures are correct and reflect any prior agreements.
5. Fill in the notice period required for Lessee to inform Lessor about exercising their option. This is crucial for maintaining clear communication between both parties.
6. Review and complete any additional sections regarding assignment or transfer rights, ensuring all terms are understood and agreed upon by both parties.
7. Finally, have both parties sign and date the document at the bottom. This finalizes your agreement and makes it legally binding.

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