Updated April 14, 2023
A Colorado rent-to-own lease agreement is made between a landlord and tenant seeking to rent space with an option to purchase. The terms of the sale are negotiated between the parties. If the tenant decides to buy the property, notification will be sent to the landlord and the lease will be converted to a purchase agreement. At which time, the parties will negotiate in accordance with the previously agreed-upon terms.
Rental Application – Use when the landlord is verifying the tenant prior to tenancy.