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DISCLOSURE Powered By Docstoc
					ABC Properties, Inc.
PMB 247 123 Oak Street Anywhere GA 33333

Lease/Option Disclosure
Property Address: Date: ____________________ ____________________ ____________________

I/We, the undersigned tenants ____________________________________ execute this disclosure form after being fully informed by _____________________________________ as to the implications, terms and conditions of the attached lease and option agreements. We agree and understand that this arrangement is for the most part a landlord/tenant relationship, and that we have purchased an option to purchase the property under the terms stated in the attached purchase option agreement. We agree and understand that should we fail in any way to honor the terms of the lease by failing to make payments as agreed, failing to keep the property in excellent condition or any other reason, that our purchase option may become void. In that event we understand that we will no longer have the option to purchase the property, nor do we have any rights, interests or claims to it. I/We _______________________________________ have read the attached lease and option agreements and all disclosures and they have been thoroughly explained to us. We have had the opportunity to ask questions and have had the opportunity to consult legal advice regarding them. Specifically, we agree and understand that should we fail to purchase the property for any reason, we are not entitled to any money back. The landlord and/or his agent have not made any representations not contained in this disclosure or the attached lease and option agreements as to the property, its ownership, the condition, the neighborhood or the value of the property. I/We ___________________________ agree and understand that Landlord is not acting as a real estate broker or agent in this transaction and is not necessarily the owner or representing the owner, but rather is acting as a principal/owner or principal/optionee under an agreement of sale or option with the owner.

__________________________________ Tenant

______________________________________ Tenant

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