Updated April 14, 2023
An Indiana rent-to-own lease agreement is a contract between a landlord and tenant that includes an option to buy the property. It’s common for the majority of the negotiation to occur at lease signing with the tenant able to purchase during the term. After the tenant gives the notice to buy, the lease will be converted to a purchase agreement.
Rental Application – Allows a landlord to screen a tenant before agreeing to a binding lease.