South Carolina Lease to Purchase Option Agreement

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posted:12/8/2011
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Description: This Lease to Purchase Option Agreement is used where a lease of real property offers the lessee an option of purchasing the premises at a specified time, for a pre-determined price. The agreement requires the lessee to provide the lessor with option consideration, similar to a down payment, which secures the property for purchase at a later date. The lessor is prohibited from listing the property for sale during the contract period. If the lessee wishes to exercise the option, he or she must notify the lessor, and a portion of the monthly lease payment is applied to the purchase price. This agreement is useful for property owners located in South Carolina to sell property to buyers with bad credit or who cannot obtain home financing.
This document is also part of a package Essential South Carolina Legal Documents 145 Documents Included