Updated February 20, 2023
An Idaho rent-to-own lease agreement is between a landlord (“seller”) that agrees to rent a property and grant an option to purchase to a tenant (“buyer”). The tenant will undergo the same screening procedures as a standard lease. The terms of the option to purchase should be negotiated at the time of lease signing. The tenant will have the ultimate decision-making power to purchase.
Rental Application – To verify the tenant’s claims of income, employment, and debts.