Tenant Notice to Exercise Purchase Option

					This is a letter that a tenant sends a landlord informing the landlord that the tenant
intends to exercise the purchase option under the lease. This letter should only be used
when the original lease agreement grants the tenant an option to purchase the property
at a specific option price. In addition, the tenant must include the deposit amount as
specified under the original lease. This letter can be used by individuals or small
businesses that are leasing property with an option to purchase and want to exercise
that option.
                 TENANT'S NOTICE TO EXERCISE PURCHASE OPTION

Date: ______ [Month] ____ [Date], 2010

To: ________________________________

Residing at: _________________________

[Instruction: Insert name and address of landlord]

R.E: Notice of Exercise of Purchase Option

Dear Sir/Madam,

I hereby solemnly affirm, being the undersigned Tenant under a certain Lease dated __________
[Month] ____ [Date], 20__ [Instruction: Insert the date of Lease] and does hereby exercise its
purchase option under the said lease, to purchase the property located at [Instructions: Insert
location/address of property]

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

for an option price of ________ ($____) [Instruction: Insert the option amount stated under
the agreement E.g., ten thousand dollars only ($10,000)] As required within the lease
agreement I enclose $______ [Five hundred dollars only ($500)] [Instruction: Insert the first
installment amount E.g., Five hundred dollars only ($500)] as a deposit towards the said
purchase option.

Please contact me immediately at________________________ [Instructions: Insert phone
number or email address of Tenant] if you have any questions.


Thanking You,




© Copyright 2012 Docstoc Inc.                                                       2
____________________________________
[Instruction: Insert the signature of Tenant]

____________________________________
  [Instruction: Insert the name of Tenant]

CERTIFIED MAIL, Return Receipt Requested




© Copyright 2012 Docstoc Inc.                   3

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:118
posted:4/9/2012
language:simple
pages:4
Description: This is a letter that a tenant sends a landlord informing the landlord that the tenant intends to exercise the purchase option under the lease. This letter should only be used when the original lease agreement grants the tenant an option to purchase the property at a specific option price. In addition, the tenant must include the deposit amount as specified under the original lease. This letter can be used by individuals or small businesses that are leasing property with an option to purchase and want to exercise that option.