Updated April 14, 2023
A Connecticut rent-to-own lease agreement is between a landlord and tenant seeking to rent a property with an option to purchase. The lease acts as a standard contract unless the option to purchase is activated by the tenant. If activated, the lease should be converted to a purchase contract.
Rental Application – To verify an applying tenant to ensure they are a credible individual.
Residential Property Condition Disclosure Form (§ 20-327b) – If the tenant decides to buy the property, the Connecticut Department of Consumer Protection obliges sellers of a residential property to complete this disclosure form and present it to any potential buyer PRIOR to any binder or contract.